The central bank expects a bigger balance of payments (BoP) surplus in 2020 after taking the latest government data, as well as emerging economic developments and outlook, into consideration.
In a virtual briefing on Friday, Zeno Ronald Abenoja, officer in charge of the Bangko Sentral ng Pilipinas’ (BSP) Monetary Policy Subsector, said the surplus was now projected at $12.8 billion this year, equivalent to 3.4 percent of the country’s gross domestic product (GDP).
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