ECB Monthly Bulletin | July 2007

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:
    • Developments in MFIs’ gross external assets and liabilities
    • Recent developments in the retail bank interest rate pass-through in the euro area
    • Current account balances across the euro area countries from a savings and investment perspective
• Articles
  • Interpreting monetary developments since mid-2004
  • Oil-exporting countries: key structural features, economic developments and oil revenue recycling
• Euro Area Statistics
• Annexes
  • Chronology of monetary policy measures of the Eurosystem
  • Documents published by the European Central Bank since 2006
  • Glossary XI