ECB Monthly Bulletin | August 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:
    • New euro area historical series on holdings of M3 deposits by sector
    • The results of the July 2006 bank lending survey for the euro area
    • Results of the ECB Survey of Professional Forecasters for the third quarter of 2006
    • Seasonal and calendar effects on euro area GDP
    • Adoption of the euro by Slovenia as from 1 January 2007
    • Effects of the rising trade integration of low-cost countries on euro area import prices
• Articles
  • Sectoral money holding: determinants and recent developments
  • The evolution of large-value payment systems in 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