European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium June 14, 2017. REUTERS/Francois Lenoir
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The deluge of cash poured into the eurozone economy in recent years by the European Central Bank appears to have finally resulted in solid – and more importantly, steady – economic growth, along with rising inflationary pressures.Eurozone growth hit its fastest rate in two years at the start of 2017, and while it has probably slowed a tad this quarter, it remains robust.Even in Britain, which is about to embark on two years of talks to extricate itself from the European Union, three of eight policymakers at the Bank of England voted this week to raise interest rates.The chances Britain ends up outside the single market when Brexit talks are concluded have receded somewhat after last week's election, although the pound might weaken further against other currencies, a Reuters poll of economists found in the past week.EU member states meet in the coming week to review the latest developments in negotiations.
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