The People’s Bank of China is contemplating a major overhaul of its monetary policy, aligning it more closely with the U.S. Federal Reserve’s model. What Happened: PBOC Governor Pan Gongsheng has proposed a series of changes that would bring the Chinese central bank more in line with its global counterparts, particularly the Federal Reserve. These changes include the adoption of a single key short-term policy rate and the introduction of government bond trading to manage liquidity, reported Bloomberg on Sunday. The proposed changes would not imply a complete alignment with western peers, as Ch…
