The Fund’s contribution in multilateral cooperation remains significant and especially relevant when facing possible threats of protectionism. The Fund should stay alert to long-term tendencies in the global economy. We stand ready to cooperate. 2/2  BIS central bankers' speeches
Looking ahead, it is crucial that social partners continue to adhere to moderate wage developments, since this is one of the prerequisites in fostering employment and maintaining a favourable outlook for price stability in the medium term. In this respect, there is some cause for concern with regard to ongoing wage negotiations. The wage formation process also seems to have undergone changes.