More hot money exits Philippines March
Published on: Thursday 28 April 2022
MANILA, Philippines — More speculative funds left the Philippines in March, ending two straight months of net inflow following the interest rate liftoff by the US Federal Reserve and the impact of Russia’s invasion of Ukraine, resulting in a net outflow for foreign portfolio investments in the first quarter of the year. Data released by the Bangko Sentral ng Pilipinas (BSP) showed the Philippines booked its biggest net hot money outflow in eight...
News source: https://www.msn.com/en-ph/news/national/more-hot-money-exits-philippines-march/ar-AAWHTSi