ECB Monthly Bulletin | May 2002

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 April 2002
  • Measures of implied volatility derived from options on short-term interest rate futures
  • US stock markets and corporate profit measures
  • Private sector expectations for inflation and economic activity in the euro area: the results of the 2002 Q2 Survey of Professional Forecasters (SPF) and other available indicators
• The liquidity management of the ECB
• International supervisory co-operation
• Implications of the euro cash changeover on the development of banknotes and coins in circulation
• Euro area statistics
• Chronology of monetary policy measures of the Eurosystem
• Documents published by the European Central Bank