THE stock market’s direction this week will be influenced by first quarter growth results and the outcome of a Monetary Board meeting scheduled this Thursday, analysts said.
“[I]t might already be a foregone conclusion that the BSP (Bangko Sentral ng Pilipinas) will hike rates,” Papa Securities Corp. trader Gio Perez said, pointing to last Friday’s announcement that April inflation had hit a fresh five-year high of 4.5 percent.
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