ows recorded in July. It was also a reversal from the $11.5 million net inForeign investments registered with the BSP through AABs are also known as “hot money” due to the ease with which they enter and exitfl
The Monetary Board has so far raised the benchmark policy rate to 225 basis points this year, including its surprise 75-bp hike in July and back-to-back 50-bp increases in August and September. “Aggressiveness in the monetary tightening cycle in advanced economies and investors’ perception that these economies are safer to invest in, prompted greater outThe US Federal Reserve has raised rates by 300 bps since March, taking into account its three consecutive 75-bp increases in June, July, and September.ows decreased by 1.85% to $792 million in August from $807 million a year earlier.
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