Hot money flows turn negative in June

Hot money flows turn negative in June – BSP

Aug 02, 2024 12:22 am

SHORT-TERM foreign investments turned negative in June following a net inflow in the previous month, the Bangko Sentral ng Pilipinas (BSP) reported on Thursday.

The 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 outflow of $27 million.

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