WASHINGTON (Reuters) -The European Central Bank is likely to end its bond purchase scheme in early third quarter and raise rates before the end of the year, European Central Bank President Christine Lagarde told CNBC on Friday, outlining the bank’s exit from stimulus. With inflation at record highs and still rising, the ECB has been cautiously unwinding support for months and policymakers are now openly talking about the possibility of an interest rate rise, the first for the bank in over a decade. “If the situation continues as predicated at the moment, there is a strong likelihood that rates…