Finland's Liikanen warns of dual threat

Erkki Liikanen, the governor of the Bank of Finland, said on Monday that the downside risks to growth have risen and inflation was set to accelerate.

"The financial market volatility has increased uncertainty and the downside risks to growth," said Liikanen. "The latest information confirms the existence of strong short-term upward pressure on inflation. It also confirms the assessment of the European Central Bank Governing Council that there are upside risks to price stability over the mediu