Each Monthly Bulletin provides a detailed analysis of all relevant economic conditions and developments, on which the Governing Council of the ECB bases its assessment and monetary policy decisions.
The Monthly Bulletin starts with the Editorial (available in 22 languages) that summarises the Governing Council's assessment of the current economic situation and the risks to price stability. This is followed by the part Economic and Monetary Developments, which includes:
Four times a year the ECB publishes in its Monthly Bulletin macroeconomic projections for the euro area. Eurosystem staff projections, which are produced jointly by experts from both the ECB and the euro area national central banks, are published in the June and December issues of the Monthly Bulletin. ECB staff projections are published in the March and September issues.
The ECB also carries out several surveys that provide further input into the economic analysis.
Developed by the Eurosystem in order to enhance the understanding of bank lending behaviour in the euro area. It is designed to complement existing statistics on bank interest rates and credits. The survey is conducted four times a year, at the beginning of each quarter.
Gathers expectations for euro area inflation, economic activity and unemployment from experts affiliated to financial or non-financial institutions based in the European Union.