BSP raises BoP surplus estimate

By Mayvelin U. Caraballo

Jun 19, 2021 1:17 am

THE Bangko Sentral ng Pilipinas (BSP) has adjusted upward its forecast for the country's balance of payments (BoP) surplus this year after taking into account major factors, latest data and actual developments.

In a virtual briefing on Friday, Zeno Ronald Abenoja, managing director at the central bank's Department of Economic Research, announced that the surplus was now projected at $7.1 billion this year, equivalent to 1.8 percent of the country's gross domestic product (GDP).

Bangko Sentral ng Pilipinas

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