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%