ECB Monthly Bulletin | May 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:
  • The results of the April 2007 bank lending survey for the euro area
  • The sectoral breakdown of the private sector securities held by monetary financial institutions
  • Demand for bonds by institutional investors and bond yield developments in the euro area
  • Measuring and assessing the impact of administered prices on HICP inflation
  • Recent developments in euro area residential property prices
  • Results of the ECB Survey of Professional Forecasters for the second quarter of 2007
• Articles
  • Measured inflation and inflation perceptions in the euro area
  • Competition in and economic performance of the euro area services sector
  • Determinants of growth in the EU Member States of central and eastern Europe
  • Share buybacks in the euro area
• Euro Area Statistics
• Annexes
  • Chronology of monetary policy measures of the Eurosystem
  • Documents published by the European Central Bank since 2006
  • Glossary