Philippine Stock Exchange index (PSEi) forecast to reach 7,200 by year-end due to expected cuts in policy rates.
Experts at Abacus Securities Corp. predict the Philippine Stock Exchange index (PSEi) to reach around 7,200 by year-end, influenced by anticipated cuts in policy rates. This could improve market valuation and liquidity. A slower inflation rate might convince central banks, including the Bangko Sentral ng Pilipinas (BSP) and the US Federal Reserve, to initiate monetary easing, benefiting markets such as the Philippine Stock Exchange (PSE).
July 07, 2024
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