PBOC agrees to pursue interest rate stability

China's central bank will maintain interest stability in 2001, state media reported Feb. 5, 2001, citing a decision of the People's Bank of China banking and monetary policy committee. China Securities newspaper reported that at a recent quarterly meeting the committee agreed that both deposit and loan interest rates should be kept stable this year to "help develop the economy" and avoid both inflation and deflation. China's central bank last cut official interest rates June 10, 1999, the las