Monthly Bulletin

Monthly Bulletin

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.

Contents

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:

• The external environment of the euro area
• Monetary and financial developments
• Prices and costs
• Output, demand and the labour market
• ECB staff macroeconomic projections for the euro area (in the March and September issues)
• Eurosystem staff macroeconomic projections for the euro area (in the June and December issues)
• Fiscal developments (in the March, June, September and December issues)

Each Monthly Bulletin also includes articles (except for the March, June, September and December issues), euro area statistics and annexes. See  articles and  boxes by topic.