Quarterly Bulletin
May 1999 Contents

Markets and operations (182k)

The international environment (132k)

The transmission mechanism of monetary policy (56k)
Box on how the Bank sets interest rates

Monetary policy and the yield curve (33k)

The Bank's use of survey data (66k)

Monetary policy and uncertainty (50k)

An effective exchange rate index for the euro area
(83k)
Box on method for calculating the euro-area effective exchange rate index

The financing of small firms in the United Kingdom
(66k)

Structural changes in exchange-traded markets (33k)
Box on US equity markets

Developments in small business finance (17k)
Speech by the Governor at the KPMG Profitability Seminar on 1 March 1999

Economic models and monetary policy (33k)
Speech by John Vickers, Executive Director and Chief Economist, given at the National Institute of Economic and Social Research on 18 March 1999

Inflation and growth in the service industries (66k)
Speech by DeAnne Julius, member of the Bank's Monetary Policy Committee, delivered as the Vital Topics Lecture at the Manchester Business School on 23 March 1999