The National Bank of Kazakhstan lowered its policy rate by 50 bps to 9.0 percent during its July meeting, while markets had forecast an unchanged rate, as policymakers voiced concerns about a deeper-than-expected economic contraction in the first half of the year due to the coronavirus pandemic. The bank also narrowed its policy rate band to 1.5 percentage points from 2 percentage points.
Interest Rate in Kazakhstan averaged 22.67 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 August of 2020.
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 8.50 in 12 months time. In the long-term, the Kazakhstan Interest Rate is projected to trend around 8.50 percent in 2021 and 9.00 percent in 2022, according to our econometric models.