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United Kingdom: 2005 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the United Kingdom
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2006: Issue 086
Language:
English
Publication Date:
03 Mar 2006
DOI:
https://doi.org/10.5089/9781451814293.002
ISBN:
9781451814293
ISSN:
1934-7685
Pages:
52
Keywords:
ISCR; CR; UK system; authority; UK well; monetary policy; assessment of the output gap; output gap; labor market; Inflation; Energy pricing; Housing prices; Global
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The United Kingdom’s 2005 Article IV Consultation reports that macroeconomic performance has been strong and steady, owing in part to confidence-enhancing policy frameworks and generally sound implementation. The financial system is generally healthy, although a substantial increase in the pricing of risk would pose risks. The banking system is well-capitalized and highly profitable. The health of the insurance sector has improved substantially. Credit risk transfer instruments are helping to diversify credit risk, but their rapid growth may also be creating new risks.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund