BSP rate-cut prospects lift local bourse

MANILA, Philippines — The Philippine Stock Exchange index (PSEi) opened the week in the green, with investors turning optimistic in their anticipation of cuts in the policy rate of the Bangko Sentral ng Pilipinas (BSP) later this year. The benchmark PSEi climbed by 0.97 percent, or 64.09 points, to close at 6,682.78 while the broader
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