ECB Monthly Bulletin | February 2009

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 Slovak MFI sector and its impact on monetary statistics for the euro area
    • Publication of data on MFI loans to the private sector adjusted for sales and securitisation
    • The results of the January 2009 bank lending survey for the euro area
    • Recent housing market developments in the euro area
    • Results of the ECB Survey of Professional
    • Forecasters for the fi rst quarter of 2009
    • The recent exceptional rise in exchange rate volatility
• Articles
  • New survey evidence on wage setting in Europe
  • Assessing global trends in protectionism
• Euro Area Statistics
•  Annexes
  • Chronology of monetary policy measures of the Eurosystem
  • Documents published by the European Central Bank since 2008
  • Glossary