ECB's Liebscher: we could hike again

Klaus Liebscher, the governor of the National Bank of Austria and a member of the European Central Bank's (ECB) rate-setting council, said rates could rise again in the coming months.

Liebscher told Bloomberg, a news agency, that despite reports of poor economic growth in Germany in the second quarter, the council "haven't exhausted our room for manoeuvre."

The Austrian governor reiterated ECB president, Jean-Claude Trichet's, oft-repeated mantra that it was "absolutely necessary to prevent an

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