After booking some gains, the Philippine Stock Exchange index (PSEi) could face a tough trading week after the Bangko Sentral ng Pilipinas (BSP) alerted a potential rate hike in November that analysts say could sour investor sentiment. 'Both the Federal Reserve and [the BSP] have left the door open for a rate hike in November and, more importantly, they have signaled a potentially long period of high rates next year,' China Bank Capital Corp. managing director Juan Paolo Colet said. Last week, the BSP kept the monetary policy rate at 6.

https://business.inquirer.net/422782/erratic-equities-trading-expected-following-rate-hike-signal

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