Tuesday 16 October 2018
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3 months ago

H1 dollar outflows now more than double BSP’s forecast for entire 2018

With only six months worth of international transactions having been tallied to date, the central bank announced yesterday that the cumulative dollar outflows from the Philippine economy have already exceeded its full year forecast by more than 100 percent. In a statement, the Bangko Sentral ng Pilipinas said that the country s balance of payments---the aggregate net value of all transactions for goods and services with the rest of the world ---had already reached a deficit of $3.26 billion for January to

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