mimile
Back to feed

National Bank of Kazakhstan to announce base rate decision on September 4

AI digest

This digest was compiled by AI from multiple sources — links to the originals are below.

National Bank of Kazakhstan to announce base rate decision on September 4

The National Bank of Kazakhstan will announce its next base rate decision on Friday, September 4, at 12:00 Astana time. The decision will be the sixth this year, following cuts to 17% in June and 16.75% in July. The rate currently stands at 16.75% after reductions from 18% earlier in 2026.

Key Facts

  • The National Bank of Kazakhstan will announce its base rate decision on September 4, 2026, at 12:00 Astana time.
  • The base rate was cut to 17% in June 2026 and to 16.75% in July 2026, after remaining at 18% from October 2025 through April 2026.
  • The upcoming decision will be the sixth by the Monetary Policy Committee since the start of 2026.
  • National Bank Chairman Timur Suleimenov said on July 24 that if inflation slows to 9–9.5%, the base rate could be around 16%.

Rate Decision Schedule

The Monetary Policy Committee of the National Bank of Kazakhstan meets eight times a year according to a pre-approved schedule. The next base rate decision will be announced on September 4 at 12:00. This will be the sixth decision since the beginning of 2026.

Recent Rate Changes

In January, March, and April 2026, the base rate remained at 18% with a corridor of +/- 1 percentage point, a level set in October 2025. In June 2026, the National Bank cut the base rate for the first time in two years, reducing it from 18% to 17%. In July 2026, the rate was lowered further to 16.75%. Over two summer decisions, the rate decreased from 18% to 16.75%.

Inflation and Rate Outlook

National Bank Chairman Timur Suleimenov said on July 24 that a further rate cut is possible if inflation continues to slow. He stated that if inflation slows to 9–9.5%, a moderately tight monetary policy would imply a base rate of around 16%. Suleimenov also noted that several factors could hinder further monetary policy easing.

2 sources

National Bank of Kazakhstan to announce base rate decision on September 4

tengrinews.kz

Tengrinews

lada.kz

Lada.kz