The local bourse — seen to trade within 7,800 to 8,000 range — will be taking its cue from the results of the monetary policy meeting scheduled this week.
“The focus of the week would be the BSP’s (Bangko Sentral ng Pilipinas) policy meeting … Investors are hoping for a policy rate cut from the monetary authority,” Philstocks Financial, Inc. research associate Japhet Tantiangco said.
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