MANILA, Aug 9 (Reuters): Philippine stocks rose over a percent on Monday after the country's central bank said it would keep its monetary policy loose, while Chinese shares rebounded as signs of slowing economic growth fanned hopes of fresh stimulus.
The peso firmed 0.4% and local stocks rose 1.4% to hit a three-week high 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.
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