EU Stress Tests to Examine 90 Banks, 5% Capital Pass Rate

European regulators will use a tougher measure of capital on 90 lenders in this year’s stress tests following criticism that last year’s weren’t stringent enough.

Banks will be expected to maintain a Core Tier 1 capital ratio of at least 5 percent under the stress test scenarios, the European Ban…

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Fed’s Fisher: ‘Many Risks’ To Fed ‘Overstaying’ Mon Accomodation

Dallas Federal Reserve Bank President Richard Fisher continued his forceful calls for a less stimulative monetary policy Friday in the lead-up to the April Federal Open Market Committee meeting.

Fisher, a voting member of the Fed’s policymaking body, warned of the “many risks” of “overstaying” mo…

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ECB May Raise Rate to 1.5% in July as Trichet Fights Inflation

The European Central Bank will raise interest rates again in July as it battles to push inflation below its 2 percent ceiling, a survey of economists shows.

Policy makers will follow yesterday’s increase with 25 basis-point steps every three months, taking the benchmark rate to 1.5 percent in Jul…

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BOJ Cuts Japan Economic Assessment After Earthquake

The Bank of Japan on Friday downgraded its assessment of Japan’s economy from the previous month, warning of strong downward pressure from production side on the economy after the devastating March 11 earthquake and tsunami.

“Japan’s economy is under strong downward pressure, mainly on the produc…

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BOJ Monthly Report of Recent Economic and Financial Developments

Japan’s economy is under strong downward pressure, mainly on the
production side, due to the effects of the earthquake disaster.
The earthquake has sharply dampened production in some areas by damaging
production facilities, disrupting the supply chain, and constraining electric power
sup…

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IMF says worth exploring borrowing from markets

The International Monetary Fund said on Thursday it was worth exploring ways that the global institution could borrow from financial markets at short notice to raise additional funding for its lending programs.

In a paper that looks at progress by the Group of 20 major economies in reforming the …

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Fed’s Lacker: may need to raise rates this year

The U.S. economy is recovering well, raising inflation risks that could force the Federal Reserve to raise interest rates before the end of the year, Richmond Fed President Jeffrey Lacker said on Thursday.

“Rate hikes by year end are certainly a possible outcome given what we see with momentum in…

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Former BOE Policymaker On ECB Hike: ‘Pretty Big Mistake’

David Blanchflower, professor of economics at Dartmouth College and a former policy maker at the Bank of England, was on Bloomberg earlier, discussing the flawed ECB decision to hike rates by 25 bps, just a day after Portugal went bankrupt, and calling it quite right, “a pretty big mistake.”…

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