The National Bank of Kazakhstan raised its benchmark overnight policy by 25 bps to 9.25 percent on October 15th, 2018. Policymakers noticed that upside risks to inflation continued to rise due to a recovery in domestic demand and exchange rate volatility, saying they would tighten further if necessary. The inflation continued to increase within the target of 5-7 percent for 2018, edging up to 6.1 percent in September from 6 percent in the prior month, led by a rise in cost of food and non-food products. Interest Rate in Kazakhstan averaged 24.46 percent from 1992 until 2018, 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 9.75 percent in 2020, according to our econometric models.

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Kazakhstan Interest Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-06-04 11:00 AM Interest Rate Decision 9% 9.25% 9%
2018-07-09 11:10 AM Interest Rate Decision 9% 9% 9%
2018-09-03 11:35 AM Interest Rate Decision 9% 9% 9%
2018-10-15 11:40 AM Interest Rate Decision 9.25% 9% 9%
2018-12-03 11:05 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 [+]
Money Supply M0 2067026.00 2100151.00 2103425.00 2273.00 KZT Million [+]
Money Supply M1 5122707.00 5252714.00 5577251.00 7941.00 KZT Million [+]
Money Supply M2 13677123.00 13832165.00 14696593.00 8197.00 KZT Million [+]
Money Supply M3 19715125.00 19780029.00 20508529.00 8197.00 KZT Million [+]
Foreign Exchange Reserves 29092.00 30028.00 36985.00 642.00 USD Million [+]
Banks Balance Sheet 24538039646.00 24538871341.00 25681510627.00 11557320086.00 KZT Thousand [+]
Interbank Rate 10.25 10.25 24.00 0.00 percent [+]
Central Bank Balance Sheet 8601553.00 8466769.00 8601553.00 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
9.25 9.00 300.00 5.50 1992 - 2018 percent Daily

Country Last
Argentina 62.12 Nov/18
Turkey 24.00 Oct/18
Mexico 8.00 Nov/18
Russia 7.50 Oct/18
Brazil 6.50 Oct/18
India 6.50 Oct/18
South Africa 6.50 Oct/18
Indonesia 6.00 Nov/18
China 4.35 Oct/18
Saudi Arabia 2.75 Oct/18
United States 2.25 Nov/18
Canada 1.75 Oct/18
Australia 1.50 Nov/18
South Korea 1.50 Oct/18
Singapore 1.45 Oct/18
United Kingdom 0.75 Nov/18
Euro Area 0.00 Oct/18
France 0.00 Oct/18
Germany 0.00 Oct/18
Italy 0.00 Oct/18
Netherlands 0.00 Oct/18
Spain 0.00 Oct/18
Japan -0.10 Oct/18
Switzerland -0.75 Oct/18