The National Bank of Kazakhstan trimmed its benchmark base rate by 25bps to 9 percent on April 15th, surprising markets who expected no changes. It is the first cut in borrowing cost so far this year. Policymakers said that the current decision will maintain control over the prevailing inflation background within the target range (4 percent – 6 percent) and will support economic growth. The Committee noted a slowdown in consumer prices and a positive external environment. Policymakers also said that inflation is expected to continue to decline and that the following monetary policy decisions will depend on the correspondence of the actual inflation rate and forecasts for the current year and for 2020. Interest Rate in Kazakhstan averaged 23.88 percent from 1992 until 2019, reaching an all time high of 300 percent in March of 1994 and a record low of 5.50 percent in August of 2012.

Interest Rate in Kazakhstan is expected to be 9.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Kazakhstan to stand at 9.75 in 12 months time. In the long-term, the Kazakhstan Interest Rate is projected to trend around 9.75 percent in 2020, according to our econometric models.

Kazakhstan Interest Rate
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-04 11:00 AM Interest Rate Decision 9.25% 9.25% 9.25% 9.25%
2019-01-14 11:10 AM Interest Rate Decision 9.25% 9.25% 9.25% 9.25%
2019-03-04 11:05 AM Interest Rate Decision 9.25% 9.25% 9.25% 9.25%
2019-04-15 11:00 AM Interest Rate Decision 9% 9.25% 9.25% 9.25%
2019-06-03 11:00 AM Interest Rate Decision 9% 9%

Kazakhstan Money Last Previous Highest Lowest Unit
Interest Rate 9.00 9.00 300.00 5.50 percent [+]
Interbank Rate 10.00 10.00 24.00 0.00 percent [+]
Money Supply M0 2193233.00 2134988.00 2260157.00 2273.00 KZT Million [+]
Money Supply M1 5402116.00 5507657.00 6412273.00 7941.00 KZT Million [+]
Money Supply M2 14641941.00 14814967.00 15842962.00 8197.00 KZT Million [+]
Money Supply M3 19401091.00 19720819.00 21412108.00 8197.00 KZT Million [+]
Foreign Exchange Reserves 27033.00 29137.00 36985.00 642.00 USD Million [+]
Banks Balance Sheet 24551829877.00 24577354800.00 25681510627.00 11557320086.00 KZT Thousand [+]
Central Bank Balance Sheet 7806307.00 8111197.00 9549316.00 65328.00 KZT Million [+]

Kazakhstan Interest Rate

In Kazakhstan, interest rates decisions are taken by The National Bank of Kazakhstan. The National Bank of Kazakhstan official interest rate is the overnight policy rate. Policymakers set the overnight repo rate as the new benchmark on September 2nd, 2015, instead of the refinancing rate, after abandoning the currency peg in August. This page provides the latest reported value for - Kazakhstan Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Kazakhstan Interest Rate - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
9.00 9.00 300.00 5.50 1992 - 2019 percent Daily

Country Last Previous
Argentina 71.48 May/19
Turkey 24.00 Apr/19
Mexico 8.25 May/19
Russia 7.75 Apr/19
South Africa 6.75 Apr/19
Brazil 6.50 May/19
India 6.00 Apr/19
Indonesia 6.00 May/19
China 4.35 Apr/19
Saudi Arabia 3.00 Apr/19
United States 2.50 May/19
Singapore 2.24 Mar/19
Canada 1.75 Apr/19
South Korea 1.75 Apr/19
Australia 1.50 May/19
United Kingdom 0.75 May/19
Euro Area 0.00 Apr/19
France 0.00 Apr/19
Germany 0.00 Apr/19
Italy 0.00 Apr/19
Netherlands 0.00 Apr/19
Spain 0.00 Apr/19
Japan -0.10 Apr/19
Switzerland -0.75 Apr/19