Switzerland: 2006 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Switzerland

June 12, 2006

Preview Citation

Format: Chicago

Switzerland: 2006 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Switzerland, (USA: International Monetary Fund, 2006) accessed September 19, 2024

Summary

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.

Subject: Banking, Expenditure, Financial institutions, Financial statements, Fiscal policy, Income, Insurance, National accounts, Public financial management (PFM), Public sector

Keywords: Authority, CR, Deficit, Exchange rate, Expenditure growth, Financial statements, Fiscal policy framework, Global, Government activity, IMF staff projection, Income, Inflation expectation, Insurance, ISCR, Monetary policy, Spending pressure, State regulation

Publication Details

Pages:

61
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/202
Stock No:

1CHEEA2006001
ISBN:

9781451807295
ISSN:

1934-7685

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