China's central bank likely to ease policy again by end-December: Reuters poll

The People's Bank of China cut interest rates and lowered the amount of reserves banks must hold for the second time in two months on Tuesday, acting amid pressure from a global stock market rout and massive outflows from its markets. The median from a snap survey of around 20 economists showed there is a 80 percent chance of a further cut in the reserve requirement ratio (RRR) by end-December, while the chance for a reduction in the lending and deposit rates stood at 70 percent.