Overall BOP position is back in the positive.
OCBC Treasury Research noted:
Current account deficit eased to USD 5.3bn in Q3, smaller than the USD 7.7bn seen in Q2, while the capital/financial account surplus inched up to USD 5.96bn from USD 5.05bn previously.
As a result, the overall BOP position is back in the positive, at USD 0.8bn for the period, from a USD 2.8bn deficit in Q2. Note that current FX reserves stand at USD 110bn.
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