Net 'hot money' flows positive at $1M in June

Jul 28, 2023 12:23 am

SHORT-TERM investment flows turned positive in June after four consecutive months of net outflows, the Bangko Sentral ng Pilipinas (BSP) reported on Thursday.

Year to date, however, 'hot money' investments — described as such given the ease by which the funds can be taken in and out of an economy — reversed from a net inflow.

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