The central bank of Kazakhstan left its key policy rate unchanged at 9% on April 26th 2021, saying inflationary expectations were rising despite the decline in actual inflation figures. The bank has kept the rate steady since a 50 bps cut in July, when Kazakhstan entered its second national lockdown amid a novel coronavirus flare-up. In March, headline inflation eased to 7.0% from an three-year high of 7.4%, but the bank now expects inflation to reach 6.9% in 2021, from the prior 6.7% estimate. source: National Bank of Kazakhstan
Interest Rate in Kazakhstan averaged 22.08 percent from 1992 until 2021, reaching an all time high of 300 percent in March of 1994 and a record low of 5.50 percent in August of 2012. 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 - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.
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 9.00 in 12 months time. In the long-term, the Kazakhstan Interest Rate is projected to trend around 9.00 percent in 2022, according to our econometric models.