Hot money flows turn positive in May

Jun 29, 2024 12:36 am

SHORT-TERM foreign investments rebounded in May after two consecutive months of net outflows, the Bangko Sentral ng Pilipinas (BSP) reported on Friday.

Foreign investments registered with the central bank through authorized agents, also known as 'hot money' as these can quickly be moved to maximize profits from interest rates, recorded a net inflow of $43 million.

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