Indonesian shares outlook - Mixed ahead of central bank meeting

Most economists polled by Thomson Financial are expecting Bank Indonesia to leave interest rates on hold tomorrow. They said the 75 basis point reduction in US interest rates in the past two months should give the Indonesian central bank greater leeway to reduce its key rate by one last time this year but it may wait until December to do so.

Nickel miner Inco may extend its record rally after the company decided last week to pay an interim dividend after announcing strong nine-month results and the management's proposal to split shares to make it cheaper and more liquid.

"Some stocks may go up today on speculation that they would pay interim dividend this year following strong nine-month earnings," Samuel Securities analyst Samuel Sudeswanto Yeung told Thomson Financial.