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RRR Cut Tilts Stock Trading Upward
February 24, 2025
|The Philippine Star
The stock market is expected to gain ground this week following last week's announcement of a reduction in the reserve requirement ratios (RRR) of local banks, coupled with sustained optimism on corporate earnings results.
Last Friday, the benchmark Philippine Stock Exchange index (PSEi) finished in positive territory at 6,098.04, up by 0.61 percent week-on-week.
"We should expect a stronger market this week with the announcement of the 200-basis-point RRR cut which in effect can lower interest rates plus the strong corporate earnings results," Sun Life Investment Management and Trust Corp. president Michael Enriquez said.
هذه القصة من طبعة February 24, 2025 من The Philippine Star.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من The Philippine Star

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