PSEi rebounds as softer inflation boosts rate-cut hopes

MANILA, Philippines – Local stocks snapped a losing streak on Friday as investors welcomed a slower-than-expected inflation report, raising hopes for possible easing of monetary policy by the Bangko Sentral ng Pilipinas (BSP). The benchmark Philippine Stock Exchange Index (PSEi) climbed 0.45 percent or 26.45 points, to close at 5,938.38, recovering from recent weakness as