ECB Monthly Bulletin | August 2010

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 funding of euro area MFIs through the issuance of debt securities
    • The results of the July 2010 bank lending survey for the euro area
    • Covered bond market developments and the covered bond purchase programme
    • An assessment of the capital shortfall revealed in the EU-wide stress-testing exercise
    • Integrated euro area accounts for the fi rst quarter of 2010
    • Euro area house prices and the rent component of the HICP
    • Results of the ECB Survey of Professional Forecasters for the third quarter of 2010
    • The introduction of the euro in Estonia on 1 January 2011
• Articles
  • Oil prices – their determinants and impact on euro area inflation
    and the macroeconomy
  • Recent developments in global and euro area trade
  • Harmonised ECB statistics on euro area investment funds and their analytical use for monetary policy purposes
• Euro Area Statistics
•  Annexes
  • Chronology of monetary policy measures of the Eurosystem
  • Documents published by the European
  • Central Bank since 2009
  • Glossary