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Inflation to Hamper Rate Cuts, Norway Sovereign Wealth Fund Chief Says

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Added by MiAmigo
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Persistent inflation is likely to prevent a rapid series of interest-rate cuts by global central banks, according to Nicolai Tangen, the chief of Norway’s $1.6 trillion sovereign wealth fund. "There's more near-shoring. We have recently seen some more pressure on raw materials. Wage increases are quite high," Tangen said in an interview on Bloomberg's "Leaders with Lacqua."
Category
NORWEGIAN NEWS
Tags
Europe, Fed, Inflation
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