PHILIPPINE STOCKS may
This was also higher than the 7.5% to 8.3% forecast range given by the central bank for the month, and marked the 10For this week, Philstocks Financial, Inc. Senior Research Analyst Japhet Louis O. Tantiangco expects investors to trade cautiously ahead of the central bank’s policy meeting on Feb. 16.
The central bank could raise benchmark rates by 50 bps at its meeting on Thursday to rein in elevated inpoll last week showed 17 out of 18 analysts see the Monetary Board hiking borrowing costs at its first meeting of the year. Nine see a 50-bp hike, while eight expect a 25-bp increase.
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