ECB Monthly Bulletin | July 2013

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
  • • Box 1 The Governing Council’s forward guidance on the key ECB interest rates
• Economic and Monetary Developments
  • The external environment of the euro area
    • Box 2 Bank funding and lending activity in central and eastern Europe
    • Box 3 Croatia joins the European Union
  • Monetary and financial developments
    • Box 4 Early repayments of funds raised through three-year longer-term refinancing operations: developments since February 2013
    • Box 5 The information content of inflation options
    • Box 6 Small and medium-sized enterprises in the euro area: economic importance and financing conditions
  • Prices and costs
    • Box 7 Dwelling stock in the euro area – new data from the Eurosystem Household Finance and Consumption Survey
  • Output, demand and the labour market
    • Box 8 Progress in the current account adjustment in the euro area in 2012
    • Box 9 Introducing the ECB indicator on euro area industrial new orders
• Articles
  • The Eurosystem collateral framework throughout the crisis
  • Is there a risk of a creeping rise in trade protectionism?
• Euro Area Statistics
• Annexes
  • Chronology of monetary policy measures of the Eurosystem
  • Publications produced by the European Central Bank
  • Glossary

• Primary Source

• Alternative Source