Lower 9-mth surplus, IMF global growth outlook cut, Fed rate hike factored in
The central bank slashed its balance of payments (BOP) surplus projection for 2016 after seeing the first nine months yielding a lower-than-expected excess, and taking into account the International Monetary Fund’s (IMF) downward revision to its global growth estimate for the year and possible further interest rate hikes in the US next year.
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