Hi everybody!
I’m writing my part of the marketing report for our foreign colleagues. Could you, please, check my grammar and vocabulary in the following sentences? I appreciate your help
Macroeconomic environment of the project
Inflation and currency corrections
According to the monetary policy priorities for 2006-2008, approved by the resolution no 20 dated November 11, 2006 of the Board of the National Bank of Republic of Kazakhstan, two inflation scenarios for tenge have been developed subject to global oil prices that significantly influence the inflation tendencies in Kazakhstan.
In 2006, the scenario on high oil prices was unfolding. The Brent crude oil prices averaged $65.4 a barrel in 2006 and they continue to rule high in 2007, rising up to $75 a barrel. With all the measures taken to maintain price stability, the average inflation rate was 8.6% in 2006, which was slightly higher than expected rate of inflation under the scenario on high oil prices (6.9-8.5%). According to official data of the Kazakhstan Statistics Agency, annualized inflation rate as of June, 2007 was at 8.1%.
Thanks in advance