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Philippines: BSP assurance, looser curbs pump up PSEi

MANILA, Philippines — Stocks bounced back yesterday, bucking the downtrend in Asia, as an expected loosening of COVID restrictions and a likely retention of the central bank’s policy rates outweighed geopolitical risks overseas. “The index recouped its losses from last Friday’s selloff after Bangko Sentral ng Pilipinas Governor Benjamin Diokno reaffirmed that the BSP will […]

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