PHILIPPINE shares rallied on Thursday to drive the benchmark index to its highest level so far this year after the US Federal Reserve kept its key interest rates unchanged.
Bangko Sentral ng Pilipinas Governor Amando Tetangco Jr. told reporters the Fed downplayed the weakness in US economic data and qualified it as transitory. “For the medium term, this bodes well for the trading partners of the US,” including the Philippines.
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