Banks bad loan ratio climbs to 3 46 percent in May
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Bank credit growth may slow this year
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Ease infra regulations in luring more investors
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INFLATION RISKS. Risks coming from the weakness of the peso against the US dollar, along with the continued acceleration of the inflation rate, are seen as primary factors for additional hikes in the Bangko Sentral ng Pilipinas' (BSP) key rates. The Bank of the Philippine Islands (BPI) forecast an additional 100 basis points increase in the BSP rate until end-2022. (PNA file photo) MANILA - Additional increases in the Bangko Sentral ng Pilipinas' (BSP) key rates are expected not only to help address the accelerating inflation rate but also the peso weakness, given the continued hikes in the Federal Reserve's fund rate. In a virtual briefing on Thursday, Bank of the Philippine Islands (BPI) lead market strategist Marco Javier said the bank forecasts the local currency to average at 56 to the US dollar this quarter and improve to 55.30 in the last quarter of the year. The local unit almost hit 56.45 to the greenback in recent weeks, a record-low since Oct. 13, 2004, partly on