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Central BanksUpdated×2•Originally published 22 April 2026•Updated 24 April 2026•

1 min read

Riksbank Governor Warns of Rising Inflation Risks Due to Middle East Tensions

Key Facts

1Swedish central bank Governor Erik Thedeen stated that the risk of inflation being higher than expected a few weeks ago has risen.

2Thedeen pointed to the conflict in the Middle East as a factor contributing to increased inflation risks.

Erik Thedeen, Governor of the Riksbank, has warned that the risk of inflation exceeding expectations has risen significantly, identifying the Middle East conflict as a primary driver. In a recent update, Swiss National Bank (SNB) Chairman Martin Schlegel signaled policy readiness to address global uncertainty and rising inflation risks. Schlegel warned that sustained high energy prices could lead to a slowdown in Swiss economic growth, emphasizing that the central bank stands ready to adjust its stance as needed. These remarks come as global markets monitor the impact of geopolitical instability on supply chains and energy costs. Thedeen noted that such tensions could present new challenges for the trajectory of monetary policy. Overall, the cautious tone from both central banks reflects growing anxiety among European policymakers regarding price stability and economic resilience amid potential energy shocks.

about 1 month ago

Version History

1 additional source confirmed this story

Version 2about 1 month ago

What changed: The update identifies the SNB Chairman by name (Martin Schlegel) and includes his explicit signal of policy readiness to address global uncertainty and inflation risks.

Version 1about 1 month ago

What changed: The story was updated to include additional warnings from the Swiss National Bank regarding the impact of energy prices on economic growth.