ECB Monthly Bulletin | January 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:
    • Developments in short-term debt securities within M3
    • Factors underlying the strong acceleration of loans to euro area
      non-financial corporations
    • The role of base effects in driving recent and prospective developments
      in HICP inflation
    • Developments in survey data on limits to manufacturing production
    • Explaining changes in the net international investment position
      of the euro area
• Articles
  • The enlarged EU and euro area economies
  • Developments in the structural features of the euro area labour markets over the last decade
  • Putting China’s economic expansion in perspective
• Euro Area Statistics
• Annexes
  • Chronology of monetary policy measures of the Eurosystem
  • Documents published by the European Central Bank since 2006
  • Glossary