UPDATE 1-China cuts new benchmark lending rate to lower costs, shore up economy <!-- no image --> <div>* PBOC seen likely to cut rates more aggressively in coming months<div class="feedflare"> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=i_8jADceNGY:8DpbXFnnczc: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=i_8jADceNGY:8DpbXFnnczc:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=i_8jADceNGY:8DpbXFnnczc:V_sGLiPBpWU" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=i_8jADceNGY:8DpbXFnnczc:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=i_8jADceNGY:8DpbXFnnczc:F7zBnMyn0Lo" border="0"></a> </div><img src="http://feeds.feedburner.com/~r/reuters/UKBankingFinancial/~4/i_8jADceNGY" height="1" width="1" alt=""></div> Posted by Reuters