THE central bank is confident that the country’s balance of payments (BOP) position, which slipped back into a deficit in June, will return to a surplus in the remaining months of the year on the back of strong growth in exports and remittances.

“The expectation is that there is going to be an improvement in the BOP position in the rest of the year, particularly as a capital flows come back,” Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr. told reporters on Tuesday.

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