The central bank of Kazakhstan left its key interest rate steady at 9.5 percent on June 8th 2020, in line with market expectations. Policymakers said they could consider easing monetary policy when global uncertainty decreases. The central bank now expects the economy to shrink 1.8 percent in 2020, more than 1.3 percent earlier estimated. The inflation is seen at 8 percent-8.5 percent.
Interest Rate in Kazakhstan averaged 22.80 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. Kazakhstan Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020.
Interest Rate in Kazakhstan is expected to be 9.50 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 2021 and 12.00 percent in 2022, according to our econometric models.