In English only

Chapter 1: Inflation developments -- Introduction -- CPI basket composition -- CPI level and inflation -- Headline and core inflation -- International -- environment -- Chapter 2: Monetary developments -- Money supply and its -- components -- Money multiplier and component ratios -- Velocity of money -- velocity of circulation -- Money demand equation -- Chapter 3: Interest rates -- developments -- Introduction -- Average interest rates on deposits, loans and -- intermediation margins in OPTand in the reference countries -- Interest rates -- from a policy perspective -- Interest rates on different types of deposits and -- credit facilities per currency -- Chapter 4: Inflation analysis and outlook -- Introduction -- Inflation and money growth -- The real sector economy approach -- Short overview of recent literature and eclectic inflation model for OPT-- Inflation forecasting --