PBOC official says current rates 'appropriate'

The current level of Chinese interest rates is "still appropriate" given economic and financial indicators, a senior People's Bank of China official said in an interview published Tuesday 13 February.

But assistant PBOC governor Yi Gang also said in an online interview on the government website (www.gov.cn) that the central bank remains "highly alert" to inflationary pressure and is ready to take "timely action" when needed.

"The current interest rate level fits overall economic and financial i