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Rate cut jitters tempered hot money flows in August

By Inquirer - 2 months ago
Less short-term foreign funds flowed to the Philippines’ capital markets in August, as the diverging outlook on the magnitude of rate cuts at home and in the United States left investors on edge. Latest data from the Bangko Sentral ng Pilipinas (BSP) showed foreign portfolio investments (FPI) posted a net inflow of $533.95 million in

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