The National Bank of Kazakhstan (NBK) announced a further increase in the base interest rate from 15.25% to 16.5% on 7 March 2025. The new rate takes effect starting today, 11 March.

The Monetary Policy Committee of the National Bank of Kazakhstan decided to increase the base rate with a corridor of +/-1 percentage point. The decision was made based on an analysis of the actual data, updated forecasts and an assessment of inflation risk balance.

The NBK’s base interest rate is used to calculate late payment interest on overdue taxes.

Earlier, The National Bank of Kazakhstan raised the base interest rate from 14.25% to 15.25% effective from 2 December 2024.