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SEB: Political Drama May Weigh On NOK

NOK

SEB note that "the hiring of Nicolai Tangen as the new CEO of Norges Bank Investment Management, which manage the Government Pension Fund Global, may cause political drama in Norway. The debate is heating up since the new CEO will take office on Sep 1, and in worst case it could put both the government and the central bank governor at risk. This is not our main case, but an intensified debate over the coming week may put downside pressure on the NOK."

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com