The central bank of Kazakhstan left its key policy rate unchanged at 9.25 percent on February 3rd 2020 but said it could cut rates later this year if both food and general inflation slow in line with expectations. In January, the inflation edged up to 5.6 percent from 5.4 percent. The central bank targets inflation within 4 percent to 6 percent. Kazakhstan Interest Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Interest Rate in Kazakhstan averaged 23.19 percent from 1992 until 2020, 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.

Interest Rate in Kazakhstan is expected to be 9.25 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 9.25 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.


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Kazakhstan Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
9.25 9.25 300.00 5.50 1992 - 2020 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2019-09-09 09:00 AM 9.25% 9% 9% 9%
2019-10-28 09:00 AM 9.25% 9.25% 9.25% 9.25%
2019-12-09 09:00 AM 9.25% 9.25% 9.25% 9.25%
2020-02-03 09:00 AM 9.25% 9.25% 9.25%
2020-03-16 09:00 AM 9.25% 9.25%
2020-04-27 09:00 AM
2020-06-08 09:00 AM
2020-07-20 09:00 AM


News Stream
Kazakhstan Keeps Key Rate at 9.25%
The central bank of Kazakhstan left its key policy rate unchanged at 9.25 percent on February 3rd 2020 but said it could cut rates later this year if both food and general inflation slow in line with expectations. In January, the inflation edged up to 5.6 percent from 5.4 percent. The central bank targets inflation within 4 percent to 6 percent.
2020-02-03
Kazakhstan Leaves Monetary Policy Unchanged
The National Bank of Kazakhstan kept its benchmark base rate at 9.25 percent during its December meeting, as widely expected, saying annual inflation is lower than expected while real economic growth rate is gradually accelerating. In November, the annual inflation dropped to 5.4 percent from 5.5 percent in October, while according to National Bank’s estimates the inflation will be within the target range of 4 percent – 6 percent at the end of the year.
2019-12-09
Kazakhstan Leaves Monetary Policy Unchanged
The National Bank of Kazakhstan kept its benchmark base rate at 9.25 percent during its October meeting, as widely expected. In September, the annual inflation dropped to 5.3 percent from 5.5 percent in August, while according to National Bank’s estimates the inflation will be within the target range of 4 percent – 6 percent at the end of the year. Policymakers noted main risks from external conditions include the extreme volatility in oil prices and the unfinished trade war between the US and China.
2019-10-28
Kazakhstan Hikes Key Policy Rate to 9.25%
The National Bank of Kazakhstan raised its benchmark overnight policy by 25 bps to 9.25 percent on September 9th, 2019 while markets had anticipated it to remain steady at 9 percent. Policymakers noticed that upside risks to inflation continued to rise due to an increase in domestic demand. The annual inflation rate slowed to 5.2 percent in August 2019, from 5.4 percent in July, but remained at the top of the target corridor of 4 percent – 6 percent.
2019-09-09

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.