The central bank of Kazakhstan left its key policy rate unchanged at 9% on January 25th 2021, as widely expected. The bank has kept the rate steady since a 50 basis points cut in July, when Kazakhstan entered its second national lockdown amid a novel coronavirus flare-up. The Committee said that the move aimed to bring inflation back within the 4-6% target range "in the medium term" amid elevated inflationary pressure and persistent global uncertainty due to the COVID-19 pandemic. The annual inflation accelerated to 7.5% in December, the highest since October 2017, from 7.3% a month earlier. At the same time, policymakers noted that the economy of Kazakhstan contracted by 2.6% in 2020, which was in line with the forecasts of the National Bank. source: National Bank of Kazakhstan
Interest Rate in Kazakhstan averaged 22.27 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 March 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.