ECB Monthly Bulletin | July 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 developments
  • 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:
    • Recent developments in MFI longer-term financial liabilities
    • The Eurosystem’s operational framework and the volatility of the overnight interest rate
    • Estimation of constant-maturity index-linked bond yields and break-even inflation rates for
      the euro area
    • Recent trends in merger and acquisition
      activity in the euro area
    • Prices of industrial raw materials and producer price pressures in the euro area
• Articles
  • Measures of inflation expectations in the euro area
  • Competitiveness and the export performance of the euro area
• Euro Area Statistics
• Annexes
  • Chronology of monetary policy
  • measures of the Eurosystem
  • Documents published by the European Central Bank since 2005
  • Glossary