UPDATE 1-China cuts key rate for second time this year, more easing likely <!-- no image --> <div>* Signals "counter-cyclical relaxation" in housing sector-analyst<div class="feedflare"> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=qWleVJgnYGA:4z1OoteKdSI:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?d=yIl2AUoC8zA" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=qWleVJgnYGA:4z1OoteKdSI:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=qWleVJgnYGA:4z1OoteKdSI:V_sGLiPBpWU" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=qWleVJgnYGA:4z1OoteKdSI:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=qWleVJgnYGA:4z1OoteKdSI:F7zBnMyn0Lo" border="0"></a> </div><img src="http://feeds.feedburner.com/~r/reuters/UKBankingFinancial/~4/qWleVJgnYGA" height="1" width="1" alt=""></div> Posted by Reuters