Norwegian government recommends Norges Bank retain control of SWF

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The Norwegian Ministry of Finance recommends that the nation’s sovereign wealth fund remains under the management of Norges Bank in a white paper submitted to parliament on October 19.

As part of a new central bank act, the document also proposes the creation of a committee at the central bank that would take over monetary policy decisions and financial stability measures from the current board. This would allow Norges Bank to be more focused on the management of the fund, the ministry argues.

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