Emerging markets: Philippines central bank prepared to hike rates by 50 bps in August as Asian stocks rise on easing recession woes


SINGAPORE, July 8 (Reuters): Asian shares inched up on Friday, tracking Wall Street gains overnight, after positive signals from US central bank officials doused fears of an economic recession, which also supported most currencies in the region.

Indonesian shares rose more than 1% and were set for their second straight weekly rise, while the Indonesian rupiah and Malaysian ringgit edged up 0.1%.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Philippines , Central Bank , Raising , BPS , 50 Pts

   

Next In Aseanplus News

Rebels recapture HQ after nearly 30 years
Xi visiting Macau to mark 25th year of Chinese rule
Record for annual visitors set to be broken
Yoon skips second questioning
Seoul sets Trump roadmap
Frenchwoman finds life from loss, saves Thai school
Bangkok bans imports of plastic waste from next year
Behind bars with a new lease on life
Second private satellite launch attempt aborted after liftoff
Asean News Headlines at 10pm on Wednesday (Dec 18, 2024)

Others Also Read