![](https://firstmetro.com.ph/wp-content/uploads/2022/11/Policy-Rate_11-17-2022.jpg)
- The Bangko Sentral ng Pilipinas raised the overnight reverse repurchase rate to 5% as expected.
- 23 of 24 economists surveyed predicted key rate would be raised to 5%
- Of 148 rate decisions surveyed by Bloomberg, 16 were unexpected
- Actual results matched Bloomberg surveys 89.2% of the time