BEIJING, June 6 (Xinhua) -- Financial experts are
still waiting to see the effects of the recent hike in benchmark loan rate, said
a senior official with the People's Bank of China (PBOC) on Tuesday.
Zhou Xiaochuan, governor of China's central bank,
told a seminar on financial infrastructures that another rise of interest rates
is not on the agenda.
As financial data for May has not yet available, it's
not known whether the loan rate hike has had its desired effect, he said.
China announced a 0.27 percentage point hike in the
benchmark one-year loan interest rate on April 28 as part of its efforts to curb
an investment binge and prevent economic overheating.
The PBOC's first quarter monetary report released
last week said more attention should be paid to such problems as ever-increasing
investment in fixed assets, unbalanced foreign trade structures, and risks from
an unbalanced global economy. Enditem
