The head of the European Central Bank (ECB) is holding out the prospect of raising interest rates in the eurozone this summer. “The mission of the European Central Bank is price stability,” Lagarde said on Wednesday after a meeting with Mayor Peter Tschentscher at Hamburg’s City Hall. To ensure this, the ECB had already decided to phase out its multibillion-euro pandemic bond purchases more quickly. Lagarde said this should be finished “with a high degree of probability in the early part of the third quarter, probably in July.” “And then it will be time to look at interest rates,” she said. Th…