PBoC's Zhou says policy to favour stability in 05

China's monetary policy will lean towards stability next year, Zhou Xiaochuan, governor of the People's Bank of China, was quoted as saying in the China Securities Journal.

"The central bank is concerned about the trend in inflation. Taking into account the rapidly rising prices of production materials and that the economy is still attracting big investment, monetary policy in 2005 will lean towards stability," Zhou was quoted as saying.

Last month, the PBoC, for the first time in nine years, r