Liebscher says ECB worried on inflation

Austrian national bank governor Klaus Liebscher told reporters Friday 19 May that the European Central Bank is worried about risks to the eurozone's inflation outlook.

"So far, no serious second-round effects of past oil price increases have materialised, thanks to moderate wage increases," said Liebscher, who is also a member of the European Central Bank's governing council.

"Still, we are concerned about the significant upside risks to the inflation outlook," he said.

"The past adjustments of