Estonia sees 'unlikely' January move to euro

The Bank of Estonia has concurred with economic forecasts by the Ministry of Finance that suggest higher than expected inflation will hamper Estonia's plans to join the euro zone in 2007.

"Considering the fast economic growth of Estonia and the fact that the level of prices is approaching the average of the EU, the expected rise in prices is not yet a sign of a threat to the balance of Estonian economy," said Bank of Estonia President Andres Lipstok.

"But fulfilling the price stability criteria