ECB Monthly Bulletin | February 2006

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 and Monetary Development
  • The external environment of the euro area
  • Monetary and financial developments
  • Prices and costs
  • Output, demand and the labour market
  • Exchange rate and balance of payments developments
  • Boxes:
    • The results of the January 2006 bank lending survey for the euro area
    • Does the flattening of the US yield curve signal lower growth ahead?
    • The pass-through of global energy prices to the euro area HICP energy components
    • Private sector expectations for the euro area: results of the ECB survey of professional forecasters for the first quarter of 2006
• Articles
  • Assessing house price developments in the euro area
  • Fiscal policies and financial markets
• Euro Area Statistics
• Annexes
  • Chronology of monetary policy measures of the Eurosystem
  • Documents published by the European Central Bank since 2005
  • Glossary