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Stefan Ingves, Governor of the Swedish Central Bank: If the risk of high inflation increases, it may permanently deviate from the target, and monetary policy may need to take action to prevent this from happening. Even if a formal agreement on the opening of the Hormuz Strait can be reached in the short term, inflation pressures and high energy prices will not immediately ease due to a piece of paper. The risk of inflation being higher than we expected a few weeks ago has increased.
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