Kazakhs policy rate unchanged at 9.25%

Kazakhstan’s central bank kept its policy rate unchanged at 9.25%, in its first review since last month’s leadership reshuffle at the Central Asian nation’s financial regulator.

The bank said in a statement that the external risks mentioned in its previous review - such as oil price volatility - now appeared less likely to materialise, Reuters reported.

President Nursultan Nazarbayev accepted the resignation of central bank chairman Daniyar Akishev, a hawk on inflation, and nominated veteran cabinet minister Erbolat Dossaev as his replacement last week.