ECB Monthly Bulletin | March 2001

Summary:

The Monthly Bulletin was published from January 1999 to December 2014. The Monthly Bulletin was published one week after each monetary policy meeting of the ECB's Governing Council. It explained the monetary policy decision and provided a detailed analysis of the current economic situation and risks to price stability.

Table of Contents:

• Editorial
• Economic developments in the euro area
  • Monetary and financial developments
  • Price developments
  • Output, demand and labour market developments
  • Fiscal developments
  • The global macroeconomic environment, exchange rates and the balance of payments
  • Boxes:
    • Monetary policy operations and liquidity conditions in the reserve maintenance period ending on 23 February 2001
    • Changes in the coverage and methods for computation of the Harmonised Index of Consumer Prices
    • The February 2001 Survey of Professional Forecasters
    • Changes in the definition of unemployment in EU Member States
    • Adjustments in the computation of the euro effective exchange rate indices following the adoption of the euro by Greece
    • The decomposition of the effective exchange rate of the euro into regional sub-indices
• Euro area statistics
• Chronology of monetary policy measures of the Eurosystem
• TARGET (Trans-European Automated Real-time Gross settlement Express Transfer system)
• Documents published by the European Central Bank (ECB)