Philippine News Agency
BSP rate hike expectations lift PSEi, peso
The Philippine Stock Exchange Index (PSEi) increased by 0.13%, closing at 6,433.60 points on Tuesday, July 8, 2025.
Investor optimism was fueled by expectations of additional interest rate cuts from the Bangko Sentral ng Pilipinas (BSP).
This optimism followed the release of the June inflation rate, which was reported at 1.4%, remaining below the central bank's target range.
The services sector experienced the steepest gain, while most other sectoral indices ended lower.
Volume rose to 1.06 billion shares, amounting to PHP6.96 billion, with advancers leading decliners.
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