Swedish central bank's Floden says inflation risks on both upside and downside

STOCKHOLM - A surge in underlying inflation in January took Sweden's central bank by surprise, but there continue to be risks on both the upside and downside, Riksbank Deputy Governor Martin Floden said on Monday.

"There is a clear upside risk, but there also a clear downside risk," Floden said during a panel discussion.

"We are ready adjust monetary policy if it is needed."