The National Bank of Kazakhstan kept its benchmark base rate at 9.0 percent during its July meeting, saying that current monetary policy stance is adequate to guarantee that inflation will be within the target range of 4 percent – 6 percent at the end of 2019, but warned it could hike it later this year if it saw greater risks to its inflation target. The Bank added that the inflation rate in Kazakhstan increased in June (5.4 percent from 5.3 percent in May), mainly due to higher food prices. Policymakers noted main risks from external conditions include the extreme volatility in oil prices and the unfinished trade war between the US and China. Interest Rate in Kazakhstan averaged 23.64 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 9.50 in 12 months time. In the long-term, the Kazakhstan Interest Rate is projected to trend around 9.50 percent in 2020, according to our econometric models.

Kazakhstan Interest Rate
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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
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% 9%
2019-07-15 11:00 AM Interest Rate Decision 9% 9% 9%
2019-09-09 11:00 AM Interest Rate Decision 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 2245869.00 2207421.00 2260157.00 2273.00 KZT Million [+]
Money Supply M1 5760725.00 5411541.00 6412273.00 7941.00 KZT Million [+]
Money Supply M2 15132426.00 14587125.00 15842962.00 8197.00 KZT Million [+]
Money Supply M3 19737465.00 19353989.00 21412108.00 8197.00 KZT Million [+]
Foreign Exchange Reserves 28185.00 28050.00 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 July 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 58.72 Jul/19
Turkey 24.00 Jun/19
Mexico 8.25 Jul/19
Russia 7.50 Jun/19
Brazil 6.50 Jun/19
South Africa 6.50 Jul/19
India 5.75 Jul/19
Indonesia 5.75 Jul/19
China 4.35 Jun/19
Saudi Arabia 3.00 Jun/19
United States 2.50 Jun/19
Canada 1.75 Jul/19
Singapore 1.67 Jun/19
South Korea 1.50 Jul/19
Australia 1.00 Jul/19
United Kingdom 0.75 Jun/19
Euro Area 0.00 Jun/19
France 0.00 Jun/19
Germany 0.00 Jun/19
Italy 0.00 Jun/19
Netherlands 0.00 Jun/19
Spain 0.00 Jun/19
Japan -0.10 Jun/19
Switzerland -0.75 Jun/19


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