ECB Chief Economist Philip Lane to Speak on International Monetary System in Shanghai

European Central Bank Chief Economist Philip Lane is scheduled to deliver a speech on the international monetary system beyond the dollar in Shanghai on Wednesday, October 21, at 04:15 GMT (00:15 ET). Although the event is a closed-door luncheon, the ECB plans to publish the text of his remarks. This address precedes the ECB's upcoming October 29 policy decision, where market participants and most economists anticipate interest rates will remain unchanged, with a potential rate hike still on the table for December. Lane's recent statements have highlighted that the surge in energy prices presents an upside risk to inflation but a downside risk to economic growth.