UK Markets open in 6 hrs 37 mins

Swedish central bank's Breman says stagflation is a risk

Newly-appointed Swedish central bank governor Anna Breman attends a news conference in Stockholm

STOCKHOLM (Reuters) - Slower growth and high inflation, a combination known widely as stagflation, is a risk following the pandemic and Russia's invasion of Ukraine, Swedish central bank Deputy Governor Anna Breman said on Tuesday.

"The invasion of Ukraine has raised inflationary pressure at the same time as the risk that growth slows is bigger," Breman said in a regular testimony to Sweden's parliament.

"That's where we are today. It (monetary policy) is a very difficult balance to strike."

(Reporting by Simon Johnson, editing by Helena Soderpalm)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting