ECB rate rise in July possible but not likely      

ECB vice president Luis de Guindos says they may hike rates later this summer

Luis de Guindos gave his view on the ECB's likely response to record high inflation in an interview in 'El Correo'. 

A European Central Bank (ECB) rate increase in July is possible but not “likely,” ECB vice president Luis de Guindos has said.

“There’s no reason why” an end to net asset purchases “shouldn’t happen in July,” Mr Guindos told the Spanish newspaper El Correo in an interview. Rates will rise after that and may happen within “months, weeks, or days. July is possible, but that’s not to say it’s likely”, he said.