Norway’s Oil Fund Makes Every Norwegian a Kroner Millionaire

While oil and graft frequently go hand in hand, such is not the case in Norway, where on 6 January the country’s Government Pension Fund – Global, more commonly referred to as the Oljefondet, throughcareful investment has made every Norwegian a millionaire in the country’s currency, the kroner. Norway’s success with its Oljefondet stands in stark […]

RBA Delivers, Is the Riksbank Next?

The Reserve Bank of Australia delivered a 25 bp rate cut earlier today. While the ECB, BOE and BOJ meet later this week, expectations are low for additional action. Sweden’s Riksbank meets on October 25 and could be the next central bank to cut rates. The Riksbank cut the repo rate 25 bp in early […]