Monday, April 30, 2007

Indonesian Government Bonds Gain on View Inflation to Slow; Rupiah Drops

(Bloomberg) -- Indonesia's 10-year bonds rose for a 10th day on speculation a government report tomorrow will show inflation is slowing, allowing the central bank to resume cutting interest rates next month. The rupiah fell.

The securities completed a secondly monthly advance before the report, which is forecast to say consumer prices rose 0.1 percent in April from a month earlier, compared with March's 0.24 percent increase, according to the median forecast in a Bloomberg News survey. The central bank will on May 8 decide whether to resume lowering rates after a pause this month.


Read more at Bloomberg Bonds News

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