The National Bank of Kazakhstan kept its benchmark overnight policy at 9.25 percent on January 14th, 2018, as widely expected. Policymakers noted that inflation has been stabilizing near the lower bound of the 5%–7% target range, and expect the rate to maintain within the new target range of 4%-6% at the end of 2019. In December 2018, the annual inflation stood at 5.3 percent, unchanged from November and October. Still, the primary risk to the inflation outlook stems from uncertainty around future oil prices and the tendency towards a rise in inflation in the country’s main trading partners, especially Russia. The Bank added that achieve a target inflation of 4% by the end of 2020 becomes crucial, and in case of persistent volatility in the global oil market, measures to tighten monetary policy might be taken on the next revision of the base rate. Interest Rate in Kazakhstan averaged 24.20 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 9.75 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.

Kazakhstan Interest Rate
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
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%
2018-12-04 11:00 AM Interest Rate Decision 9.25% 9.25% 9.25% 9.25%
2019-01-14 11:10 AM Interest Rate Decision 9.25% 9.25% 9.25% 9.25%
2019-03-04 11:00 AM Interest Rate Decision 9.25%

Kazakhstan Money Last Previous Highest Lowest Unit
Interest Rate 9.25 9.25 300.00 5.50 percent [+]
Interbank Rate 10.25 10.25 24.00 0.00 percent [+]
Money Supply M0 2082467.00 2102866.00 2103425.00 2273.00 KZT Million [+]
Money Supply M1 5051957.00 5305813.00 5577251.00 7941.00 KZT Million [+]
Money Supply M2 14041534.00 13909606.00 14696593.00 8197.00 KZT Million [+]
Money Supply M3 19896584.00 19744282.00 20508529.00 8197.00 KZT Million [+]
Foreign Exchange Reserves 30158.00 29044.00 36985.00 642.00 USD Million [+]
Banks Balance Sheet 24538039646.00 24538871341.00 25681510627.00 11557320086.00 KZT Thousand [+]
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 January of 2019.

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

Country Last Previous
Argentina 57.54 Jan/19
Turkey 24.00 Jan/19
Mexico 8.25 Dec/18
Russia 7.75 Dec/18
South Africa 6.75 Dec/18
Brazil 6.50 Dec/18
India 6.50 Dec/18
Indonesia 6.00 Jan/19
China 4.35 Dec/18
Saudi Arabia 3.00 Dec/18
United States 2.50 Dec/18
Singapore 1.76 Dec/18
Canada 1.75 Jan/19
South Korea 1.75 Dec/18
Australia 1.50 Dec/18
United Kingdom 0.75 Dec/18
Euro Area 0.00 Dec/18
France 0.00 Dec/18
Germany 0.00 Dec/18
Italy 0.00 Dec/18
Netherlands 0.00 Dec/18
Spain 0.00 Dec/18
Japan -0.10 Dec/18
Switzerland -0.75 Dec/18