Switzerland: 2008 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Switzerland
IMF Staff Country Reports, May 28, 2008
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- Switzerland: 2008 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Switzerland
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Bibliographic details
- Published: May 28, 2008
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451807400.002
Growth performance and structural reforms
- Switzerland showed impressive growth performance owing to its strong macroeconomic policies and structural reform efforts.
- Directors welcomed the Long-Term Sustainability Report.
Financial stability, liquidity, and banking sector measures
- Executive Directors emphasized the need to maintain financial stability.
- They welcomed the well-timed injections of liquidity into the banking system.
- Directors welcomed the stress testing framework to improve liquidity risk management, banks’ contingency plans, and liquidity management policies.
Monetary and fiscal stance
- Directors commended the monetary policy stance and the strong fiscal performance.
- They welcomed the extension of the debt-brake rule to incorporate expenditures.
Subject coverage and keywords
- Subject: Banking, Expenditure, Financial institutions, Fiscal policy, Fiscal stance, Income, Inflation, Insurance companies, National accounts, Prices
- Keywords: authority, CR, current account, economy, economy well, Europe, exchange rate, financial market turmoil, Fiscal stance, Global, Income, Inflation, inflation in Switzerland, inflation outlook, Insurance companies, ISCR, overnight rate