The benchmark Philippine Stock Exchange Index (PSEi) closed nearly flat while subsectors were mixed as the Bangko Sentral ng Pilipinas (BSP) raised rates further to temper soaring inflation. The PSEi rose 0.08 percent, or 5.64 points, to 6,824.63 while the broader All Shares index shed 0.003 percent, or 0.11 points, to 3,619.77. The key policy rate was raised by 50 basis points more to 3.75 percent, effective Aug. 19, following the latest policy meeting on Thursday (See related story on page B1).

https://business.inquirer.net/358026/psei-barely-moves-after-anticipated-bsp-rate-hike

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