"I believe, unfortunately, that we must prepare ourselves for the fact that the war - and the global economic consequences of the war - could be both extensive and prolonged," Thedéen said in a pre-written speech ahead of an appearance in Stockholm on Tuesday.
Rising fuel prices will push up CPIF inflation, Thedéen points out, and he does not rule out interest rate changes.
"If the risks of contagion effects and sustained higher inflation increase, we may need to tighten monetary policy. We have a steady course, but our readiness to pivot is high," he said.
