Interest Rate in Kazakhstan
Kazakhstan - Interest Rate
Central Bank stands pat in October
At its latest monetary policy meeting on 28 October, the National Bank of Kazakhstan decided to leave the base rate at 9.25%, keeping an interest rate corridor of plus or minus 1.0 percentage point. The decision, which was in line with analysts’ expectations, followed a 25-basis-point rate hike at the previous meeting in September.
Moderating price pressures, broadly stable inflation prospects and dynamic economic activity prompted the Bank’s decision to stay put. Inflation receded to 5.3% in September (August: 5.5%), closing in on the midpoint of the 4.0%–6.0% target corridor, while inflation expectations are estimated at 5.4% for the 12-month horizon. At the same time, domestic demand appeared to maintain a healthy pace of expansion in the third quarter, amid robust disposable income growth and upbeat investment activity.
Devoid of substantive forward guidance, the communiqué indicated only that future decisions will be guided by the Bank’s price projections, which currently see inflation landing on the midpoint of the 4.0%–6.0% target band during 2020. The Bank did, however, note that upside risks to the inflation outlook stem from an expected increase in marginal tariffs for certain types of regulated services.
The next meeting is scheduled for 9 December 2019.
FocusEconomics panelists are currently factoring in the latest decision into their projections. As it stands, they see the base rate ending 2020 at 9.02% and 2021 at 8.50%.
Kazakhstan - Interest Rate Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Policy Interest Rate (%) | 6.50 | 6.50 | 16.00 | 12.00 | 10.25 |
Kazakhstan Interest Rate Chart
Kazakhstan Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 386.0 | 0.32 % | Nov 21 |
| Stock Market | 0.1 | 0.0 % | Nov 20 |
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Economic News
Kazakhstan: Inflation falls in November
December 3, 2019
Consumer prices rose 0.7% over the previous month in November, slightly up from October’s 0.6% increase.
Kazakhstan: Economic growth edges up to two-year high in Q3
November 18, 2019
Economic growth edged up to 4.3% year-on-year in the third quarter, up from Q2’s 4.1% expansion and marking the fastest expansion since Q3 2017, according to a preliminary estimate released by Kazakhstan’s Statistical Institute (SARK) on 18 November. While a detailed breakdown has to be released, an acceleration in industrial, construction, and services activity underpinned the upturn in growth.
Kazakhstan: Industrial sector gains traction in October
November 15, 2019
Industrial production growth jumped to 5.4% on an annual basis in October after slowing to 3.7% in September.
Kazakhstan: Inflation rises in October
November 1, 2019
Consumer prices rose 0.6% over the previous month in October, up from September’s 0.3% increase.
Kazakhstan: Central Bank stands pat in October
October 28, 2019
At its latest monetary policy meeting on 28 October, the National Bank of Kazakhstan decided to leave the base rate at 9.25%, keeping an interest rate corridor of plus or minus 1.0 percentage point.
© Copyright: 2019 | Kazakhstan Interest Rate | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed ...
