BSP Expects Stable Capital Flows
Emerging markets including the Philippines should see more stability in capital flows after Greece confirmed it repaid part of its loan last week, the Bangko Sentral ng Pilipinas said.
“For EMEs (emerging markets and economies), this can mean enhanced stability in capital flows, as one element of uncertainty is peeled away,” BSP Governor Amando M. Tetangco Jr. said over the weekend.
Source: The Philippine Star