The central bank for the second largest economy in the world could follow the footsteps of global monetary policymakers who have cut rates or signaled imminent monetary easing in recent months. The People’s Bank of China announced on Saturday it would reform its interest-rate mechanism. Economists from Société Générale said the move would pave the way for the Chinese central bank to loosen its policy spigots as China faces continued headwinds from trade tensions and weakening global growth. “This move in itself is not an interest rate cut, but it does set the stage for that to happen very soon,” said Wei Yao, chief Chi ... (full story)