World Goverments Act To Try To Stem Financial Crisis

Governments around the world intervened early this week in their economies to try to hold back the financial slide. Here’s the latest of who’s doing what:

South Korea: cut key interest rates and bought the bonds of local banks.
Australia: bought dollars to buttress the exchange rate.
Israel: snipped rates.
Canada: vowed to inject $6 billion into its market.
Japan: increased access by banks to public funds and tightened short-sale regulations
Europe: is thinking about lowering interest rates
US, England: likely to lower interest rates further.
Iceland: Raised interest rates from 12% to 18%

A Scramble to Shore Up Economies Worldwide [NYT] (Photo: Getty)