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Reuters
Reuters
Business
Terje Solsvik and Victoria Klesty

NATO chief Stoltenberg named to head Norway central bank despite opposition

Norway's Finance Minister Trygve Slagsvold Vedum presents NATO Secretary General Jens Stoltenberg as Norway's new central bank chief at a news conference in Oslo, Norway February 4, 2022. Terje Bendiksby/NTB via REUTERS

NATO Secretary General Jens Stoltenberg will become Norway's new central bank chief, the government said on Friday, despite opposition worries that the appointment of the former prime minister could weaken Norges Bank's independence.

While the job is open from March 1, Stoltenberg has said he would first serve out his term at NATO, which expires on Oct. 1. Norges Bank separately said it expects the new governor to take over on or around Dec. 1 this year.

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