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Swedish Central Bank Warns Inflation Spike from Middle East

4/23/2026

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Summary

Story summary

Erik Thedeen, Governor of Sweden's central bank, said on Wednesday the risk of inflation exceeding the 2% target has risen.
He said the risk stems from a Middle East war-driven supply disruption that is raising energy prices and inflation.
Thedeen warned that even a quick reopening of the Strait of Hormuz would not lower energy prices or inflation, so the Riksbank may need to act to keep inflation on target.

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Story summary

Erik Thedeen, Governor of Sweden's central bank, said on Wednesday the risk of inflation exceeding the 2% target has risen.
He said the risk stems from a Middle East war-driven supply disruption that is raising energy prices and inflation.
Thedeen warned that even a quick reopening of the Strait of Hormuz would not lower energy prices or inflation, so the Riksbank may need to act to keep inflation on target.