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Market Extra: Things are going GREAT in the eurozone — so why isn’t the ECB raising rates?

Things are going great in the eurozone. Economic growth is the strongest it’s been in a decade. The unemployment rate keeps falling and is now at the lowest since 2009. And consumers are the most upbeat they’ve been since 2001.

Sounds like a dream come true for a central bank that’s been fighting for years to shake off a devastating debt crisis and a financial meltdown. However, for the European Central Bank the rosy picture also comes with the difficult task of tightening monetary policy without strangling the region’s recovery. The solid data have already increased pressure to end the ECB’s ultraloose policies, setting the central bankers up for a lot of questions at its meeting on Thursday.

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