(Bloomberg) -- Indonesia's stock index climbed above 2000 for the first time after the government said inflation has stabilized, raising speculation the central bank will cut interest rates. PT Astra International and PT Lippo Karawaci advanced.
``The expectation that we have slower inflation in April or even deflation is spurring demand for stocks,'' said Arfan Karniody, who helps manage about $165 million at PT Niaga Aset Manajemen in Jakarta. ``Interest rate-sensitive companies such as Astra and property companies should benefit.''
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