China's economy grew 7.3 percent in the third quarter from the...

China's economy grew 7.3 percent in the third quarter from the year-ago period, its slowest rate since the global financial crisis. The government has a target of near 7.5 percent growth for the full year and some analysts say the rate cut was an attempt to engineer the outcome

Barclays, which correctly predicted a fourth quarter rate cut by the PBOC, now expects further two cuts in benchmark interest rates in the first half of 2015, and "three cuts in the reserve requirement ratio, with the first likely this December."
"Given China's structural challenges, we continue to believe more rate cuts are necessary," Jian Chang of Barlays said in a note. "We believe that lowering rates will mainly help to reduce the debt burden, lower financial risks, support business sentiment, and sustain private demand."