Ulster Bank say ECB interest hike could happen next week

A senior strategist with Ulster Bank is warning that another interest hike by the European Central Bank could happen as early as next week.

There was a general belief among markets that Eurozone interest rates would not rise again until the European Central Bank meeting on August 31.

But an ECB council member, who is governor of the Bank of Greece, has hinted to a Swiss newspaper that another increase of 0.25% could happen on July 6.