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Philippine Stock Exchange bids farewell to trading floor, migrates to digital
PSE officials and traders get sentimental, as the local bourse operator closes its trading floor in BGC and embraces off-site work.
Dovish Bangko Sentral hikes interest rates by just 25 bps
The Bangko Sentral ng Pilipinas on Thursday, June 23, hiked key interest rates by 25 basis points, despite soaring inflation and a weakened peso.
The BSP’s overnight reverse repurchase facility still stands low at 2.5%, effective Friday, June 24. Accordingly, the interest rates on the overnight deposit and lending facilities were raised to 2% and 3%, respectively.