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The Federal Reserve's forecast of elevated rates in years to come could place more pressure on banks to rely on expensive brokered deposits known as 'hot money.' ....
Registered foreign investments with the Bangko Sentral ng Pilipinas (BSP) or “hot money” posted net outflows for the fourth straight month in May, albeit lower than the previous month, data released Thursday showed. ....
?Net outflows for the month stood at $351.87 million, wider than the $70.26-million net outflows in March and a reversal of the $1.407-billion net inflows recorded in April 2022. ....