Bangko Sentral ng Pilipinas (File photo / Philippine Daily Inquirer)

MANILA, Philippines — The Philippines’ overall balance of payments (BOP) position was a deficit of $2.3 billion in November, the Bangko ng Sentral ng Pilipinas said on Thursday.

It is wider than the $724 million deficit in the previous month.

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The cumulative BOP level for January to November was a $2.1 billion surplus, lower than the $3.0 billion surplus recorded in the same period last year.

READ: BOP swung to $724-M deficit in October, highest in 9 months

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Another record session Friday on Wall Street crowned a sixth weekly gain in a row, but failed to carry over into Monday and inspire a similar rally elsewhere.

The one-year Loan Prime Rate (LPR), which constitutes the benchmark for the most advantageous rates lenders can offer to businesses and households, was cut from 3.35 percent to 3.1.

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