ECB's Kazimir shifts focus to gas prices, sees upside inflation risk - Yahoo! Finance Canada

FRANKFURT, Sept 14 (Reuters) - Euro zone inflation could turn out higher than already elevated projections and recent energy price developments are concerning, particularly the surge in natural gas costs, European Central Bank policymakers said on Monday. The ECB ‌raised some of its inflation projections last week when it lifted interest rates but oil and gas prices are ‌already well above the "baseline" levels in those forecasts, suggesting that high price growth could prove more persistent than feared. "The most recent energy price developments have been quite ​concerning," ECB board member Isabel Schnabel said in Berlin. "It's actually not just oil," said Schnabel, an outspoken policy hawk. "It's also refined products, like diesel...