In a staff report, the fund says political complexities and high cost of living could weigh on policy
The Federal Customs Office said the trade surplus for July was flat from June at 2.37 billion Swiss francs ($2.17 billion).
The report is likely to cement views the Swiss National Bank will keep interest rates unchanged when it next meets in September.
Nominal exports increased 9.7 percent to 19.3 billion Swiss francs ($17.66 billion) in July, while imports rose 5.6 percent to 16.9 billion francs.
Exports rose 1 percent from June in seasonally adjusted terms. Switzerland's watchmakers posted export growth of 8.5 percent to 1.6 billion francs.
The SNB expects overall economic growth to slow to between 1.5 and 2.0 percent from 3.1 percent as the credit crisis is hitting the large banking sector and demand from industrialised countries for Swiss products is fading.
In a staff report, the fund says political complexities and high cost of living could weigh on policy
Closed-circuit video images showed the bus veering sharply in the road before crashing from a bridge and sinking within seconds
EU foreign policy chief says there will be more nations following suit because Belgium has also decided to recognise Palestinian state
The vote by the 193-member General Assembly was a global survey of support for the Palestinian bid to become a full UN member
The case was filed against parties who took to their social media handle alleging that the brand was favouring a particular community
Ministry of Foreign Affairs calls for urgent, independent and transparent investigation into the incidents
The Princess of Wales announced in March she was having treatment after cancer was found following an abdominal surgery
Karim expressed her happiness at winning the medal, which added to the previous achievements of Emirati champions