LOWER bank reserve requirements announced by the Bangko Sentral ng Pilipinas (BSP) led to mixed results for the peso and stock market on Friday.
The currency weakened by 8 centavos to P55.69 against the dollar, while the benchmark Philippine Stock Exchange index (PSEi) hit a new two-and-a-half year high, gaining 50.16 points, or 0.70 percent, to end the trading week at 7,252.32.