ECB Monthly Bulletin | January 2003

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
  • Exchange rate and balance of payments developments
• Boxes:
  • Monetary policy operations and liquidity conditions in the reserve maintenance period ending on 23 December 2002
  • Recent improvements in securities issues statistics
  • New ECB statistics on euro area investment funds
• The demand for currency in the euro area and the impact of the euro cash changeover
• CLS – purpose, concept and implications
• Euro area statistics
• Chronology of monetary policy measures of the Eurosystem
• Documents published by the European Central Bank