Monday, June 4, 2007

Indonesia's Inflation Slows to Six-Month Low; May Prompt Interest-Rate Cut

(Bloomberg) -- Indonesia's inflation eased to a six-
month low in May, and will probably encourage the central bank
to cut interest rates further to spur economic growth.

Consumer prices rose 6 percent from a year earlier after
increasing 6.3 percent in April, the Central Statistics Bureau
said in Jakarta today. That's less than the median 6.2 percent
increase estimated by 18 economists surveyed by Bloomberg.


Read more at Bloomberg Emerging Markets News

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