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.