World Bank

The Egyptian Gazette reports on why central banks around the world continue to hold the US dollar as their dominant reserve currency, despite ongoing talk of de-dollarisation. The piece examines the structural reasons keeping the dollar at the centre of global finance, including the depth of US markets and the lack of credible alternatives.

The Federal Reserve has raised interest rates again, a move being read as an acknowledgment that inflation is proving stubborn and the US economy is growing faster than expected. Commentators say policymakers are adjusting to a new environment in which price pressures persist despite earlier tightening, forcing the central bank to keep rates higher for longer than markets had anticipated.