ECB Monthly Bulletin | June 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
  • Eurosystem staff macroeconomic projections for the euro area
  • The global macroeconomic environment, exchange rates and the balance of payments
  • Boxes:
    • Estimates of the nominal and real money gap in the euro area
    • Factors explaining the development of loans to the private sector
    • Quarterly Table on Financing and Investment (TFI) of non-financial sectors in the euro area
    • The relationship between retail bank interest rates and market interest rates
    • Monetary policy operations and liquidity conditions in the reserve maintenance period ending on 23 May 2001
    • The information content of the main money market instruments in the euro area
    • Decomposing overall HICP developments since early 1999
    • Comparison with December 2000 projections
    • 9 Forecasts by other institutions
• 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)