ECB Monthly Bulletin | January 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
  • Fiscal developments
  • Exchange rate and balance of payments developments
  • Boxes:
    • Tracking extraordinary portfolio shifts into money during the period of financial turmoil
    • Loan-deposit margins in the euro area
    • Why is services inflation higher than goods inflation in the euro area?
    • The adoption of the euro by Slovakia
• Articles
  • Housing wealth and private consumption in the euro area
  • Foreign asset accumulation by authorities in emerging markets
• Euro Area Statistics
•  Annexes
  • Chronology of monetary policy measures of the Eurosystem
  • Documents published by the European Central Bank since 2008
  • Glossary