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Switzerland: 2006 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Switzerland
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2006: Issue 202
Language:
English
Publication Date:
12 Jun 2006
DOI:
https://doi.org/10.5089/9781451807295.002
ISBN:
9781451807295
ISSN:
1934-7685
Pages:
61
Keywords:
ISCR; CR; monetary policy; deficit; expenditure growth; IMF staff projection; authority; fiscal policy framework; government activity; exchange rate; inflation expectation; spending pressure; state regulation; Income; Financial statements; Insurance; Global
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Switzerland showed commendable economic growth with low inflation and increasing employment. Executive Directors commended the prudent macroeconomic management, sound monetary and fiscal policy frameworks, structural reforms, and flexible labor markets. They noted that the monetary policy framework continues to serve Switzerland well, underpinned by effective practices of the Swiss National Bank (SNB). They agreed that the Swiss financial system appears to be healthy and dynamic, and appreciated the regulatory and supervisory framework, and the vigilance in monitoring financial sector risks.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund