Philippine News Agency
Rate cuts, US tariff pause propel PSEi, peso
Philippine stocks rallied for three straight trading days, with the PSEi closing up by 0.08 percent at 6,082.44 points on Friday, April 11, 2025.
The gains were fueled by the Bangko Sentral ng Pilipinas' (BSP) decision to cut its key rates by 25 basis points to 5.50 percent.
US President Donald Trump's decision to delay reciprocal tariffs worldwide for 90 days, and implement a universal 10 percent tariff instead of the initially imposed 17 percent on the Philippines, also boosted investor optimism.
The Mining and Oil sector saw the biggest increment, jumping by 2.48 percent, while Financials also closed in the green.
Despite ending the week stronger, the PSEi still lost 2.64 percent since Trump announced the new tariff order on April 2.
The peso also bounced back to the 56-level against the US dollar.
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