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Sovereign Wealth Funds Briefing - Categorized | Financials, Reserve Currencies

Norway caps oil spending goal as inflation shock hits krone

Posted on 12 September 2013

Norway Conservative Party leader Erna Solberg pledged to limit spending of the nation’s $750 billion sovereign wealth fund after a jump in inflation triggered the biggest surge in the krone in two months.
Solberg, who ousted Labor Prime Minister Jens Stoltenberg in elections this week after promising tax cuts, said she’ll probably keep well within a 4 percent spending rule of Norway’s oil fund amid concern Scandinavia’s richest economy is overheating. Her government, which she has yet to form, is likely to keep spending closer to 3 percent, she said………………………………………..Full Article: Source


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