Nicolai Tangen says rate cut pace to disappoint market

The chief of Norway’s oil fund, Nicolai Tangen, has repeatedly warned that inflation is likely to dog global economies and weigh on returns at the world’s biggest single owner of equities.

Nicolai Tangen is the CEO of Norges Bank Investment Management (NBIM), which manages Norway's oil fund. | Photo: NBIM / PR

By Francine Lacqua and Kari Lundgren / Bloomberg

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 USD 1.6trn sovereign wealth fund.

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Nicolai Tangen says rate cut pace to disappoint market

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Further reading

Nordic institutional investors still see potential in beleaguered Swedish battery producer

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US manager sees Nordic clients return to EM equities due to "excessive concentration"

Storeband increases stake in Danish infrastructure manager to become majority owner

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