Rates Outlook: Relentless selling pressure

(Editor’s Note: This outlook is subject to updates.)

Matthew Apostol, Investment Counselor, Financial Markets Sector, Metrobank, said the market is focused on the rate decision of the central bank. A 25-basis-point cut is expected. While a selling bias persists in the market, buying on dips toward the 57.75 level ahead of the rate decision is recommended.