Experts: China prudent about rate cuts

Structural monetary tools in focus amid Fed's hawkish stance, dollar strength

China may turn more prudent about aggregate monetary easing measures such as interest rate cuts in the short term amid the continued strength of the US dollar, but beef up structural monetary support, experts said on Thursday.

That said, the country may still reduce the benchmark interest rate for mortgages slightly in the rest of the year if more stimulus is needed to consolidate the property market recovery, they said.

Their comments were in response to the US Federal Reserve's latest policy statement signaling that it may further raise interest rates and keep the rates at a very high level for a longer-than-expected period.