BoP deficit to hit P1.5B this yr – BSP

The country will likely post a substantially higher balance of payments (BoP) deficit this year, the Bangko Sentral ng Pilipinas (BSP) announced on Thursday. A greater current account deficit could lead to an overall BoP deficit of $1.5 billion, the Bangko Sentral said in a statement, much higher than the previous forecast of $1 billion. The [...]

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