A European Central Bank rate increase in July is possible but not “likely,” Vice President Luis de Guindos said. “There’s no reason why” an end to net asset purchases “shouldn’t happen in July,” Guindos told the Spanish newspaper El Correo in an interview published Sunday. 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. Facing record-high euro-area inflation, some policy makers have been pushing for the first ECB rate hike in more than a decade to come as soon as July. Any decision “will depend on the data and the new ... (full story)