"The longer the war continues, the greater the risk that inflation and interest rates will increase while the economy deteriorates, which could negatively affect several financial markets and actors. There are also several global vulnerabilities that could reinforce each other and worsen such a negative development," the Swedish Central Bank says in a press release.
Structural risks in the banking system - with banks that are internationally dependent and have large exposures to commercial properties - are identified as Swedish problems.
"The financial system has functioned well, but uncertainty is great," the Swedish Central Bank says.
