Switzerland: 2008 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Switzerland

International Monetary Fund

No 2008/170, IMF Staff Country Reports from International Monetary Fund

Abstract: Switzerland showed impressive growth performance owing to its strong macroeconomic policies and structural reform efforts. Executive Directors emphasized the need to maintain financial stability. They welcomed the well-timed injections of liquidity into the banking system. Directors also welcomed the stress testing framework to improve liquidity risk management, banks’ contingency plans, and liquidity management policies. They commended the monetary policy stance and the strong fiscal performance. They welcomed the Long-Term Sustainability Report and also the extension of the debt-brake rule to incorporate expenditures.

Keywords: ISCR; CR; economy; authority; financial market turmoil; inflation outlook; current account; economy well; inflation in Switzerland; overnight rate; exchange rate; Inflation; Income; Insurance companies; Fiscal stance; Global; Europe (search for similar items in EconPapers)
Pages: 56
Date: 2008-05-28
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