According to Jinshi, Pan Gongsheng, governor of the People's Bank of China, said at the Lujiazui Forum that global inflation has cooled down from its high level this year, but it is still sticky. Some central banks, such as the European Central Bank, have begun to cut interest rates, and some central banks are still observing and expect to cut interest rates later this year, but generally maintain a high interest rate and restrictive monetary policy stance. China's monetary policy stance is supportive, providing financial support for the continued recovery of the economy.