The Central Bank of Slovenia hosted Philip R. Lane, a member of the European Central Bank’s Executive Board, for a keynote speech titled “The Euro Area and the Global Economy”, focused on the euro area economic outlook and its links to global economic developments. Lane discussed key challenges shaping monetary and financial stability, including the effects of changing interest rate environments, global trade dynamics and structural transformations in the European economy. The event formed part of the 15th “Exchange Rates” workshop jointly organised with Banca d’Italia, the Bank for International Settlements, the European Central Bank and the National Bank of Belgium, which aims to provide a forum for research on foreign exchange markets, financial intermediation and macrofinancial stability; Acting Governor Primož Dolenc opened the event with a welcome address.