Philippine Stocks Expected To Continue Upward Trek On Rate Cut Expectations

  • 📰 MlaStandard
  • ⏱ Reading Time:
  • 21 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 55%

Finance Nachrichten

Interest Rates,Inflation,Philippine Stock Exchange

Philippine stocks are anticipated to maintain their upward trajectory as the Bangko Sentral ng Pilipinas (BSP) is predicted to further decrease interest rates amidst cooling inflation.

Philippine stocks are expected to continue with their upward trek on expectations the Bangko Sentral ng Pilipiinas will continue to reduce interest rates with inflation settling at 1.9 percent in September 2024.

Inflation in September was the lowest level in 52 months. This is also a significant decline from 3.3 percent in August and 6.1 percent a year earlier. “Recall that consensus initially penciled two cuts for October and December meetings. Expectations have shifted since the Fed cut big in September and central banks globally are in a cat-and-mouse game to get ahead of the curve,” 2TradeAsia.com said.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 20. in AT
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Stock market expected to stay in 7,000 territoryEPISODES of profit-taking could occur this week following the US Federal Reserve's jumbo rate cut and the Bangko Sentral ng Pilipinas' (BSP) lowering of bank reserve requirements, analysts said.
Herkunft: TheManilaTimes - 🏆 2. / 92 Weiterlesen »

Peso, stock market edge down ahead of expected Fed rate cutTHE peso and stock market slipped on Wednesday as investors awaited the results of a US Federal Reserve (Fed) meeting.
Herkunft: TheManilaTimes - 🏆 2. / 92 Weiterlesen »