Sunday, May 6, 2007

Bank Indonesia May Resume Cutting Interest Rates After Inflation Slowed

(Bloomberg) -- Indonesia's central bank will probably resume cutting its benchmark interest rate after inflation unexpectedly slowed last month and the rupiah surged.

Bank Indonesia Governor Burhanuddin Abdullah will reduce the rate used as a reference for bill sales by a quarter point to 8.75 percent, the lowest since August 2005, according to 16 of 19 economists surveyed by Bloomberg News. The central bank decision is due tomorrow in Jakarta.


Read more at Bloomberg Bonds News

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