Jakarta shares likely to rebound

Indonesian shares should continue to ahead of an decision on interest rates by the central bank, dealers said. Most dealers are looking for a rate cut to help prop up the falling rupiah, but Gundy Cahyadi, an economist at Singapore-based IdeaGlobal, said he expected a more cautious stance on monetary policy.
"I think Bank Indonesia will keep rates unchanged and monitor growth developments going forward," he told Dow Jones Newswires. Bank Indonesia's benchmark policy rate is currently at 9.5 percent. Dealers said October inflation figures due for release on Monday would set the early tone for the market.