Arab central banks are tagging along with America’s rate rises
This may slow growing economies and widen deficits
Overseeing monetary policy in the Middle East these days, jokes a banker, is like taking your kids on a rollercoaster. You would rather be watching from the ground, but there you are, strapped in, trundling up a hill and waiting fearfully for the drop on the other side.
This article appeared in the Middle East & Africa section of the print edition under the headline “Follow the Fed”
From the August 20th 2022 edition
Discover stories from this section and more in the list of contents
Explore the editionDiscover more
America under Joe Biden plays the pragmatist in Africa
Donald Trump is likely to follow suit
New cures for Africa’s most gruesome diseases
Sleeping sickness, riverblindess and more could be tackled
Nigeria seeks to restore pride in its artefacts, ancient and modern
A new museum in Benin City will showcase “a cauldron of creativity”
Donald Trump’s new Arab pal
Will a Lebanese-American businessman influence the incoming administration in the region?
Israel and Hizbullah strike a fragile deal to end their war
Joe Biden makes a last push to bring peace to the Middle East
The arrest warrant is a diplomatic disaster for Netanyahu
But may also undermine the International Criminal Court