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Research Dept > Economic information > Monthly Report > Web edition 19-5-13
Monthly Report, num 291 - May 2006
Overall summary - Chronology
Overall Summary ( 68,81 KB )

 

 

CHRONOLOGY

2005

March

4

Dow Jones index for New York stock exchange marks up annual high (10,940.55), a rise of 1.5% over end of 2004.  
 

22

Federal Reserve raises reference rate by quarter point to 2.75%.  
 

23

Heads of state and government of European Union member states approve reform of Stability and Growth Pact introducing more flexibility.  
April

20

Dow Jones index for New York stock exchange marks up annual low (10,012.36) with 7.1% drop compared with end of 2004.  
May

2

Cypriot pound, Latvian lat and Maltese lira join Exchange Rate Mechanism.
 

3

Federal Reserve raises reference rate by quarter point to 3%.  
June

30

Federal Reserve raises reference rate by quarter point to 3.25%.  
August

9

Federal Reserve raises reference rate by quarter point to 3.5%.  
September

17

Increase in special taxes on alcohol and tobacco to finance health (BOE 17-9-05).  
 

20

Federal Reserve raises reference rate a quarter-point to 3.75%.  
October

4

IBEX 35 index for Spanish stock exchange marks up annual high (10,919.2) with cumulative gains of 20.2%.  
 

13

Government approves National Reform Programme for Spain.  
November

1

Federal Reserve raises reference rate to 4%.  
 

28

Slovak crown joins Exchange Rate Mechanism.  
December

1

European Central Bank raises official interest rate to 2.25%.  
 

13

Federal Reserve raises reference rate to 4.25%.  
 

17

European Council approves 2007-2013 Budget.  
 

18

Hong Kong Summit of World Trade Organization agrees to removal of all aids to agricultural exports of developed countries in 2013.

2006

January

20

Government presents bills for reform of personal income tax and corporate tax.
 

31

Federal Reserve raises reference rate to 4.50%.
March

2

European Central Bank raises official interest rate to 2.50%.
 

24

IBEX 35 index for Spanish stock market marks up annual high (11,954.4), a cumulative gain of 11.4% over the end of December 2005.
 

28

Federal Reserve raises reference interest rates to 4.75%.
 

31

Government approves economic policy package including budgetary measures and others on mortgage market, energy sector and rail transport.
April

21

One-month forward price of Brent quality oil goes up to all-time high of 73.85 dollars a barrel.
 

27

Dow Jones index for New York stock exchange records annual high (11,382.5), a rise of 6.2% compared with end of 2005.





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