And we will base our position in international supervisory and regulatory groups on the knowledge and experience we gain during the project. Our review is certainly a huge project – in 2017 alone, we will be conducting more than 100 assessments, each of them covering three to four models. Nevertheless, the benefits will be equally large.
At the global level, the world economy continued its strong performance which contributed to sustained upward pressure on oil and food prices which, in turn, had a direct impact on domestic food and petrol prices. These items were the major contributors to the upward inflation trends during 2006. In August last year international oil prices peaked at levels just below $ per barrel.