Kazakhstan Interest Rate


Kazakhstan’s central bank lowered its benchmark interest rate by 100 bps to 11 percent on February 20th. Policymakers said inflation expectations declined, the stability and predictability of the domestic foreign exchange and money markets increased and business activity recovered. Consumer prices rose 7.9 percent year-on-year in January, following 8.5 percent increase in the previous month, in line with bank’s forecast. Interest Rate in Kazakhstan averaged 26.39 percent from 1992 until 2016, reaching an all time high of 300 percent in March of 1994 and a record low of 5.50 percent in August of 2012.


Kazakhstan Interest Rate

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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 April of 2017.