Central Banking

Estonia to meet eurozone inflation target by end of 09

estonian-kroon

Estonia will bolster its prospects of entering the euro area by matching the Maastricht inflation criterion at the end of this year, its central bank said on Thursday.

Martin Lindpere, an economist at the Bank of Estonia, told Centralbanking.com that the country hoped to meet the Maastricht criteria by the end of this year and adopt the euro by 2011.

"Inflation is below 3%, and has been dropping rapidly over the past twelve months. We expect that the average inflation forecast for 2009 will be a

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