Estonian central bank chief positive on 2007 euro

According to Estonia's central bank chief Andres Lipstok, the country is on track to reduce inflation in time to join the euro on 1 January 2007, though rising oil prices require vigilance.

"We are going to join on January 1, 2007," Lipstok told Reuters in an interview on Thursday 15 September. "The central bank will do everything it has to."

Lipstok said that core inflation was stable in Estonia, but that the rise in oil prices this year had pushed up headline rates. Moreover, consumption pat