Rate cut seen boosting stock market sentiment

By Earl John Alfaro

Aug 12, 2024 12:25 am

THE stock market could receive a boost from a Bangko Sentral ng Pilipinas (BSP) policy meeting this Thursday amid lingering fears of a recession in the United States, analysts said.

Worries over the state of the US economy saw the Philippine Stock Exchange index plunge to the 6,400 level last Monday, but it still managed to end the week up 0.6 percent at 6,647.80.

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