Kazakhstan’s central bank plans to sell USD 550-650 mln of FX from the National Oil Fund in February, down from USD 850 mln in January. The bank also plans to sell USD 480 mln of FX through the gold sterilization program in February. Further, inflation in the country moved up to 8.9% YoY in January, from 8.6% the previous month. Regulated tariff increases, and local currency weakness affecting non-food prices, were the main drivers.