Philippines posts $2 billion balance of payment deficit in March
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A logo of Bangko Sentral ng Pilipinas (Central Bank of the Philippines) is seen at their main building in Manila, Philippines March 23, 2016. REUTERS/Romeo Ranoco
MANILA (Reuters) -The Philippines' overall balance of payments position hit a deficit of $2 billion in March from a surplus of $3.1 billion in February, the central bank said on Monday.
Cumulative BOP level for the first three months of the year was at a $3 billion deficit. The Philippine central bank has forecast a $2.1 billion BOP surplus for 2025.
(Reporting by Mikhail Flores; Editing by Martin Petty)
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