These achievements have only been possible because of intensive and fruitful cooperation between the statistical departments of the NCBs and the ECB, as coordinated by the Statistics Committee. In addition, the division of tasks between Eurostat and the ECB’s Directorate-General Statistics has been laid down in an update of their Memorandum of Understanding.
This update was signed in March 2003 and has recently been re-examined in certain areas, such as the compilation of euro yield curves and annual financial accounts. In those and other areas of statistics, the ECB also stands ready to serve the needs of the European Commission and other users.