October 16, 2021
Markets

EMERGING MARKETS-Philippine stocks, peso rise as c.bank vows easy policy

    * Financial markets in Singapore, Japan closed for holidays
    * Philippine c.bank to keep policy accommodative
    * Emerging FX fall on greenback strength

    By Harish Sridharan
    Aug 9 (Reuters) - Philippine stocks and the peso gained on
Monday after the country's central bank said it would keep
monetary policy loose for longer, while Asia's emerging
currencies weakened against a buoyant dollar.
    The peso bucked the broader trend and gained 0.6%,
while local stocks rose 1.4% to be the top gainer in the
region after Bangko Sentral ng Pilipinas (BSP) forecast a strong
economic recovery in the second-quarter.
    Philippine policymakers will meet on Thursday to decide on
key interest rates, while second-quarter economic data will be
released on Tuesday.    
    Governor Benjamin Diokno said the central bank would stay
accommodative for as long as needed to ensure a...

Read full article here: www.reuters.com