The Philippine central bank will likely keep its benchmark interest rate unchanged after an out-of-cycle increase three weeks ago gave it scope to sit back while weighing price and currency risks.

Seventeen out of 22 economists in a Bloomberg survey expect the Bangko Sentral ng Pilipinas to hold its target reverse repurchase rate at 6.5% on Thursday, after an unscheduled quarter-point increase on Oct. 26. The rest see another 25-basis-point hike to 6.75%.