CEN

Philippine Central Bank Governor considers interest rate pause if April inflation doesn’t accelerate

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Philippine Central Bank Governor considers interest rate pause if April inflation doesn’t accelerate

The Central Bank of the Philippines, also known as Bangko Sentral ng Pilipinas (BSP), has been raising interest rates since last year to fight rising inflation. However, with inflation showing signs of slowing down, the BSP may be considering pausing their rate hikes to give the economy some breathing room. This potential change in policy … Read more

Banks’ recovery and minor rate-hike expectations boost Wall Street’s rally

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Banks’ recovery and minor rate-hike expectations boost Wall Street’s rally

In recent weeks, Wall Street has experienced a series of rallies as investors grow more optimistic about the future of the banking sector. It appears that small rate-hike bets are contributing to this positive sentiment, as these bets signal that the economy is recovering and that banks are likely to see increased profits in the … Read more