ECB Monthly Bulletin | June 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
• Governing Council Decisions on Non-standard Measures
• 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
  • Eurosystem staff macroeconomic projections for the euro area
  • Exchange rate and balance of payments developments
  • Boxes:
    • Recent developments in MFIs’ purchases of debt securities issued by the euro area general government sector
    • Liquidity conditions and monetary policy operations in the period from 11 February to 12 May 2009
    • External financing of non-financial corporations in the euro area and the United States
    • Recent developments in selected measures of underlying inflation for the euro area
    • Recent housing market developments in the euro area
    • Labour market adjustments during the current contraction of economic activity
    • The 2009 Ageing Report: updated projections for age-related public expenditure
    • Technical assumptions about interest rates, exchange rates, commodity prices and fiscal policies
    • Forecasts by other institutions
    • The downturn in euro area trade
• Euro Area Statistics
•  Annexes
  • Chronology of monetary policy measures of the Eurosystem
  • Documents published by the European Central Bank since 2008
  • Glossary

• Primary Source