Global factors likely to affect PH stocks this week—analysts

Global developments will likely affect the movement of Philippine stocks this week, with the US Federal Reserve meeting on June 11 to 12 to set the tone of monetary policy.

2TradeAsia.com said while the Bangko Sentral ng Pilipinas hinted a possible rate cut in the second half of the year, interest rates would likely remain unchanged when the BSP holds its policy meeting later this month.

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