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Lithuanian Central Bank Sees Slow Inflation Paving Way to Euro

Lithuania’s inflation rate won’t scuttle the Baltic nation’s second bid to join the euro, Vitas Vasiliauskas said, predicting his nation would become the currency bloc’s 19th member on Jan. 1.

The central bank is expecting price growth of 1 percent or below this year, 1.5 percent next year and 1.9 percent in 2016, the central bank chief said in an interview in Athens yesterday. The country has made huge progress since 2006, when it was judged not ready for membership in the common currency because of concerns that prices weren’t stable enough, he said.