ECB's Liebscher says ECB may raise rates higher

European Central Bank council member Klaus Liebscher was quoted on Monday 7 August as saying in an interview that the eurozone central bank is ready to raise interest rates further.

``Upward risks to price stability haven't receded but rather worsened,'' Liebscher, 67, said in an interview with Bloomberg in Vienna on Aug. 4. ``If we see, based on the data, that a further tightening of the relatively accommodative course is needed, then it will happen. We'll do what's needed at the right time.'