ECB Monthly Bulletin | February 2011

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
  • Boxes:
    • The Estonian MFI sector and its impact on monetary statistics for the euro area
    • The results of the January 2011 bank lending survey for the euro area
    • Developments in the international investment position of the euro area
      in 2008 and 2009
    • Integrated euro area accounts for the third quarter of 2010
    • Recent and prospective movements in HICP inflation: the role of base effects
    • Results of the ECB survey of professional forecasters for the first quarter of 2011
    • The current euro area recovery across expenditure components from a historical perspective
    • Investment outlook in the euro area: an assessment based on survey and capacity utilisation data
• Articles
• • Inflation expectations in the euro area: a review of recent developments
  • The information content of option prices during the financial crisis
• Euro Area Statistics
• Annexes
  • Chronology of monetary policy measures of the Eurosystem
  • Publications produced by the European
  • Central Bank
  • Glossary