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KEY RATE HIKE. The Bangko Sentral ng Pilipinas (BSP) is seen to announce a more aggressive key rate hike in the coming months to help tame the accelerating inflation rate. Sun Life Investment Management and Trust Corporation (SLIMTIC) president and chief investment officer Michael Gerard Enriquez said a 50 basis points increase in the central bank's key rates is aggressive enough without hurting growth prospects. (Photo from SLIMTC) MANILA - The Bangko Sentral ng Pilipinas (BSP) is expected to announce a more aggressive key rate hike in the coming months to help temper not just the accelerating inflation rate but the peso depreciation as well. In a virtual briefing on Thursday, Sun Life Investment Management and Trust Corporation (SLIMTIC) president and chief investment officer Michael Gerard Enriquez said the central bank has been criticized as being behind the curve vis vis the large jumps in the Federal Reserve's key rates, among other central banks. The BSP's key rates

Sun lifeMichael gerard enriquezBangko sentralFederal reserveSun life investment managementTrust corporationKey rate hike the bangko sentral ng pilipinas bsp is seen to announcea more aggressive in coming months help tame accelerating inflation sun life investment management and trust corporation slimtic president chief officer michael gerard enriquez saida 50 basis points increase central bank 39s rates enough without hurting growth prospects photo from slimtc manila expected temper not just but peso depreciation as well ina virtual briefing on thursdayUn life investment management and trust corporation slimtic president chief officer michael gerard enriquez said the central bank has been criticized as being behind curve vis large jumps in federal reserve 39s key ratesMong other central banks the bsp 39s key rates have been hiked bya total of 50 basis pointsT 25 basis points each last may and this monthHich monetary authorities said were made to help address acceleration in domestic inflation rate and was provided leeway by the continued recovery of economy aftera total 200 basis points reduction 2020Hich is part of the bsp 39s pandemic related measuresHe central bank 39s overnight reverse repurchase rrp is now at 2 5 percent from record low after the rate reductions two years ago on other handHe fed funds rates have been increased bya total of 150 basis points since last march to help temper us 39 four decade high inflation rate enriquez said philippine monetary officials need weigh so many things in its tightening move sincea faster than expected jump might negatively impact on domestic growth asked if 50 hike would hurt the economic recoveryE said this level quot may be able to calm investors quoti don 39t thinka 50 basis points will really hurt the economy because we are coming froma low interest rate environmentUot he added enriquez forecasts an 8 2 percent full year output for the domestic economy this