ECB Monthly Bulletin | March 2014

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
    • Box 1 Repercussions of the recent financial market tensions in emerging market economies
  • Monetary and financial developments
    • Box 2 Recent developments in the financial account of the euro area balance of payments
    • Box 3 Liquidity conditions and monetary policy operations in the period from 13 November 2013 to 11 February 2014
    • Box 4 Debt of non-financial corporations: consolidated and non-consolidated measures
  • Prices and costs
    • Box 5 Impact of services and non-energy industrial goods prices on the recent decline in HICP inflation
  • Output, demand and the labour market
  • Fiscal developments
    • Box 6 Key challenges for the surveillance of economic and fiscal policies under the 2014 European Semester
• Articles
  • March 2014 ECB staff macroeconomic projections for the euro area
• Euro Area Statistics
• Annexes
  • Chronology of monetary policy measures of the Eurosystem
  • The TARGET (Trans-European Automated Real-time Gross settlement Express Transfer) system
  • Publications produced by the European Central Bank
  • Glossary

• Primary Source

• Alternative Source