(Bloomberg) -- Indonesian bonds and the rupiah rose after inflation unexpectedly slowed in April, spurring speculation of more capital inflows as overseas investors buy local bonds.
Consumer prices rose 6.3 percent from a year earlier, compared with 6.5 percent in March, according to the Central Statistics Bureau. That's lower than the median 6.5 percent forecast of 21 economists surveyed by Bloomberg. An easing of cost pressures will allow Bank Indonesia to resume cutting interest rates when policy makers meet on May 8.
Read more at Bloomberg Bonds News
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