The IMF statement on Swiss National Bank's monetary policy was as follows:
- The monetary tightening step in the future should be based on data taking into account the decisions of other central banks.
- SNB should keep its accommodative policy for now.
- Threats to the outlook include trade tensions, safe haven pressures, mortgage market imbalances, and uncertainty about corporate tax reform.
- Increased international trade tensions could affect the outward-oriented Swiss economy, and geopolitical uncertainties are restoring safe haven pressures, pushing the Swiss franc to a sharp rise.
