Philippines posts $2 billion balance of payment deficit in March

MANILA (Reuters) -The Philippines’ overall balance of payments position hit a deficit of $2 billion in March from a surplus of $3.1 billion in February, the central bank said on Monday.

Cumulative BOP level for the first three months of the year was at a $3 billion deficit. The Philippine central bank has forecast a $2.1 billion BOP surplus for 2025.

(Reporting by Mikhail Flores; Editing by Martin Petty)