Rate Cut Seen to Power Philippine Stocks Amid Trump Uncertainty

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Another quarter-point policy rate cut will help Philippine stocks recover amid uncertainty over Donald Trump’s policies, the head of the local bourse said on Thursday.

The stock gauge will likely exceed the 7,000 level again by year-end if the Bangko Sentral ng Pilipinas lowers its interest rate further by 25 basis points in its December meeting, Philippine Stock Exchange President and CEO Ramon Monzon said in an interview with Bloomberg Television’s David Ingles.

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