PSEi surges to 6,500 level on BSP rate cut signal

THE MARKET SURGED to the 6,500 level on Monday after the Bangko Sentral ng Pilipinas (BSP) governor signaled that he is open to a rate cut in their first policy meeting for next year. The Philippine Stock Exchange index (PSEi) rose by 2% or 128.53 points to close at 6,534.91 on Monday, while the broader