OPINION
NEWS
REGIONS
WORLD
BUSINESS
SPORTS
ENTERTAINMENT
LIFESTYLE
THE SUNDAY TIMES
SPECIAL FEATURES
SPECIAL SECTIONS
TMT NEWSWIRE
FAST TIMES
LEGAL ADVICE
CAMPUS PRESS
VIDEOS
EXPATS & DIPLOMATS
PHOTOS
BUSINESS FORUM
PODCASTS
RESOURCES
WEATHER
MARKET OVERVIEW
CLASSIFIEDS
EXAM RESULTS
TMT DIGITAL EDITION
TMT CSI
TMT 126TH ANNIVERSARY
QUIZZES
GAMES
Business > Top Business
Bangko Sentral hikes BoP deficit forecasts
By The Manila Times
Dec 10, 2022 12:25 am

GIR outlooks also trimmed; 'persistent' external risks cited

The country's balance of payments (BoP) position will likely end in wider deficits this year and the next given persistent external risks, the Bangko Sentral ng Pilipinas (BSP) said on Friday.

New 2022 and 2023 BoP projections approved by policymaking Monetary Board 'continue to be influenced' by risk factors such as high inflation, the Russia-Ukraine war, and the continuing impact of the Covid-19 pandemic, the BSP said in a statement.

The Bangko Sentral ng Pilipinas (BSP) building in Malate, Manila. TMT FILE PHOTO

Related Articles

Poll: Inflation up slightly in Dec

Inflation, other data could lift sentiment

Fed officials say job not done on inflation

GOCC subsidies hit P12.23B in Nov

Moratorium on e-money companies lifted by BSP

Cheaper Korean cars, parts seen

BCDA gross revenues up 3% to P11.3B in 2024