4 days Surprise BSP rate cut perks up PH stocks; index up sharply Inquirer |Biz
The benchmark Philippine Stock Exchange index (PSEi) saw a sharp increase on Friday after the Bangko Sentral ng Pilipinas announced a surprise cut in its key interest rate the previous day. By the closing bell, the PSEi had gained 2.46 percent, or 172.17 points, to 7,169.79 while the broader all-shares index was up 2.23 percent, […] The post Surprise BSP rate cut perks up PH stocks; index up sharply appeared first on Inquirer Business. ... more