ECB Monthly Bulletin | November 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
• Statement of the Governing Council on the Stability and Growth Pact issued on 24 October 2002
• 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:
  • Trends in loans to the private sector and their fundamental determinants
  • Monetary policy operations and liquidity conditions in the reserve maintenance period ending on 23 October 2002
  • Recent stock market developments in the euro area
  • Evaluating Eurostat’s euro area HICP flash estimate
  • Private sector expectations for inflation and economic activity in the euro area: results of the 2002 Q4 Survey of Professional Forecasters and other available indicators
• The accountability of the ECB
• Transparency in the monetary policy of the ECB
• The composition of employment growth in the euro area in recent years
• Euro area statistics
• Chronology of monetary policy measures of the Eurosystem
• Documents published by the European Central Bank