On 13 January 2023, the Monetary Policy Committee of the National Bank of the Republic of Kazakhstan made a decision to set the base rate 16.75% annually with the interest rate corridor of +/- 1.0 percentage points. The rate is used for computing late payment interest and it effects from 13 January 2023. Prior to this, the rate was raised from 16.0% to 16.75% as of 6 December 2022
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