Philippine stocks are expected to move sideways with a downward bias this week amid fears of fewer interest rate cuts due to rising inflation rate. Online
Philippine stocks are expected to move sideways with a downward bias this week amid fears of fewer interest rate cuts due to rising inflation rate.
As a result, analysts are now expecting two rate cuts instead of the earlier expectations of four rate cuts in 2025. Investors are also expected to watch out for new catalysts including the US December 2024 inflation data which is expected to give clues on the Fed’s policy outlook. Meanwhile, the movement of the peso against the dollar could also be another factor on the market’s performance.
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