s central

Mexico's central bank has auctioned off US$3 billion in foreign reserves to prop up the falling peso.

Japan's central bank left its key interest rate unchanged Tuesday amid heightened anxiety that the U.S. credit crisis was quickly spreading from Wall Street to Europe and beyond.

Australia's central bank cut its official interest rate by a bigger-than-expected 1 percentage point Tuesday to ease credit concerns amid a global financial turmoil, cheering investors around the region and lifting Australian stocks into positive territory

Asia was shaken Tuesday by the collapse of the U.S. financial bailout effort, with the region's political leaders expressing hopes for a quick solution and Japan's central bank injecting more cash into money markets to promote liquidity and lending.

The world’s central banks intensified their liquidity injections as news of gridlock in Washington led investors to send stocks down in Asia and Europe.

Japan's central bank agreed with the U.S. Federal Reserve Thursday to work together to swap dollars and yen as the Bank of Japan pumped more cash into financial markets amid worries about the collapse of Lehman Brothers.

Japan's central bank kept a key interest rate unchanged at 0.5 percent Wednesday, as widely expected, amid growing concerns about financial market turmoil on Wall Street, slowing domestic growth and rising inflation.

China’s central bank is in a bind, after snapping up roughly $1 trillion worth of Treasury bonds and mortgage-backed debt issued by Fannie Mae and Freddie Mac over the last seven years.

Zimbabwe's inflation rate has soared in the past three months and is now at 11.2 million percent, the highest in the world, according to the country's Central Statistical Office.

Official figures dated Monday show inflation has surged from the rate of 2.2 million percent recorded in May, despite the government's price controls.

The country's

Japan's central bank chief said Tuesday he expects the world's second-largest economy to stay stagnant for the time being but denied it was headed toward the sort of deep slump that crippled the country in the 1990s.