Switzerland should tighten macropudential policies – IMF directors
Authorities should strengthen financial regulator and address real estate risks, IMF chiefs say
International Monetary Fund directors have said Switzerland should adopt stricter macroprudential policies to tame the financial risks brought on by by its negative interest rates.
They also said Switzerland’s financial regulator should be strengthened, and that authorities should set up “an effective public deposit insurance agency”.
Swiss authorities have not tightened the country’s macroprudential policies since 2014, despite the negative rates, IMF directors pointed out today (June 21)
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