PSEi down as BSP raises inflation outlook

MANILA, Philippines — The Philippine Stock Exchange Index (PSEi) ended lower on Friday as investors turned cautious amid rising inflation expectations and lingering global uncertainties. The benchmark PSEi declined by 0.19 percent or 11.37 points to close at 5,972.83, extending its recent downtrend. READ: Oil prices climb, stocks slide as Iran war uncertainty reigns Philstocks Financial research manager Japhet Tantiangco said market sentiment was weighed down by concerns over inflation after the Bangko Sentral ng Pilipinas (BSP) raised its 2026 inflation forecast to 5.1 percent from 3.6 percent. This was during an off-cycle policy meeting held last Thursday. Tantiangco said […]... Keep on reading: PSEi down as BSP raises inflation outlook

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