The rate is used to calculate late payment interest on overdue taxes.

The National Bank of Kazakhstan (NBK) raised its base interest rate from 16.5% to 18.0%, effective from yesterday, 13 October 2025. The rate is used to calculate late payment interest on overdue taxes.

The NBKโ€™s Monetary Policy Committee set the base rate at 18% per annum, with a corridor of ยฑ1 percentage point.

โ€œThe rate hike was necessary to restore moderately tight monetary conditions and prevent further acceleration of inflation,โ€ said Timur Suleimenov, Chairman, NBK.

The next scheduled announcement on the base rate is expected on 28 November 2025.

Earlier, NBK announced a further increase in the base interest rate from 15.25% to 16.5% on 7 March 2025.