Interest rate cut unlikely in near future

Central bank governor says that current level is 'appropriate in China'

Cutting interest rates may not be an urgent matter for China's monetary authority, even though other major economies are moving closer to a rate-cut cycle to tackle economic headwinds, according to advisors.

A passive rate cut may result in higher prices, if the Chinese central bank makes the same decision after the US Federal Reserve lowers its policy rates. And the effects on stabilizing China's economy could be limited, said economists.