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**Interest rates** are a powerful tool used by central banks to control inflation and stimulate economic growth. The Bangko Sentral ng Pilipinas (BSP), the Philippine central bank, sets the interest rates in the Philippines. Higher interest rates can attract foreign investment, strengthening the peso and potentially boosting the PSEi. The US Federal Reserve's interest rate decisions also affect the dollar's value and influence the Philippine markets. Monetary policy decisions, such as quantitative easing (where central banks buy bonds to inject money into the economy), can also have a big impact. Watch out for announcements and the resulting reactions.
