• More short-term investments left the Philippines in March as investors pushed back their expectations of interest rate cuts from the US Federal Reserve.
  • Based on data released by the Bangko Sentral ng Pilipinas (BSP), the Philippines booked a hot money outflow of $236 million in March, three times higher than the $70.26 million outflow recorded in the same month last year.
  • It was also a reversal from the $689.2 million net inflow in February.