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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