With the Monthly Bulletin the ECB meets its legal requirement to publish reports on the activities of the ESCB at least every quarter (as per Article 15.1 of the Statute of the ESCB). The Bulletin is published one week after the monthly meeting in which the Governing Council of the ECB takes its monetary policy decision. It explains this decision and makes it more transparent by providing a detailed analysis of the current economic situation and risks to price stability.
The Editorial summarises the Governing Council's assessment of present data. To a large extent, the Editorial contains the same information as the Introductory Statement given at the press conference where the monetary policy decision is announced.The part “Economic and Monetary Developments” includes information on: