China to Maintain `Stable' Yuan, Central Bank Says (Update3)

Sept. 30 (Bloomberg) -- China will maintain ``stability'' in the yuan's exchange rate as well as the country's monetary policies, the central bank said today.

While the market will continue to play a ``fundamental'' role in setting the value of the yuan, the exchange rate will be maintained ``basically stable at a reasonable and balanced level,'' the People's Bank of China's 13-member monetary policy committee said in a statement on its Web site today.