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. Interest Rate in Kazakhstan averaged 23.48 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 9.25 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 9.50 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
2019-04-15 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% 9%
2019-09-09 09:00 AM Interest Rate Decision 9.25% 9% 9% 9%
2019-10-28 09:00 AM Interest Rate Decision 9.25% 9.25%


Kazakhstan Money Last Previous Highest Lowest Unit
Interest Rate 9.25 9.00 300.00 5.50 percent [+]
Interbank Rate 10.25 10.25 24.00 0.00 percent [+]
Money Supply M0 2236207.00 2231486.00 2260157.00 2273.00 KZT Million [+]
Money Supply M1 5586188.00 5507695.00 6412273.00 7941.00 KZT Million [+]
Money Supply M2 14923589.00 14549374.00 15842962.00 8197.00 KZT Million [+]
Money Supply M3 19847976.00 19537417.00 21412108.00 8197.00 KZT Million [+]
Foreign Exchange Reserves 28194.00 27702.00 36985.00 642.00 USD Million [+]
Banks Balance Sheet 25349972489.00 24921393485.00 25681510627.00 11557320086.00 KZT Thousand [+]
Central Bank Balance Sheet 7542280.00 8094232.00 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
9.25 9.00 300.00 5.50 1992 - 2019 percent Daily




Country Last Previous
Argentina 83.46 Sep/19
Turkey 16.50 Sep/19
Mexico 8.00 Aug/19
Russia 7.00 Sep/19
South Africa 6.50 Aug/19
Brazil 6.00 Aug/19
Indonesia 5.50 Aug/19
India 5.40 Aug/19
China 4.25 Sep/19
Saudi Arabia 2.75 Aug/19
United States 2.25 Aug/19
Canada 1.75 Sep/19
Singapore 1.74 Aug/19
South Korea 1.50 Aug/19
Australia 1.00 Sep/19
United Kingdom 0.75 Aug/19
Euro Area 0.00 Sep/19
France 0.00 Sep/19
Germany 0.00 Sep/19
Italy 0.00 Sep/19
Netherlands 0.00 Sep/19
Spain 0.00 Sep/19
Japan -0.10 Aug/19
Switzerland -0.75 Aug/19


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