News Formal

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 Nyheter

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.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 20. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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.
Källa: TheManilaTimes - 🏆 2. / 92 Läs mer »

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.
Källa: TheManilaTimes - 🏆 2. / 92 Läs mer »