INFLATION data and second-quarter growth results due this week could bolster rate cut hopes and lift the stock market, which fell by 1.79-percent week-on-week Friday to 6,605.30.
Rizal Commercial Banking Corp. chief economist Michael Ricafort, who described the drop as a healthy correction following recent gains, said share prices would benefit if the data support indications that the Bangko Sentral ng Pilipinas (BSP) would begin lowering key interest rates next week.
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