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Central Bank chief outlines Norway challenges

Olsen 'will not use the word bubble' but warns on challenges facing Norway

Norges Bank's new governor started his six-year tenure Monday by outlining some of the challenges Norway's economy faces from domestic factors, such as rising house prices, as well as from the global economy, saying its pension fund's aim to invest more in emerging markets is "reasonable."

Norges Bank is responsible for monetary policy and manages Norway's foreign-exchange reserves and the government's pension fund, which has a market value of almost $500bn.

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