Net 'hot money' outflows slow in Aug

By Tiziana Celine Piatos

Sep 30, 2022 12:21 am

SHORT-TERM foreign investments again posted a net outflow in August but at a rate narrower than in previous months, Bangko Sentral ng Pilipinas (BSP) data showed on Thursday.

At $86 million, it was lower than the $103 million recorded a month earlier and June's $342 million, which was the largest net outflow so far for 2022. The August result was also a reversal from the $12-million net inflow seen a year earlier.

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