How interest rates on deposits changed after the fourth consecutive reduction in the base interest rate in Kazakhstan In October, the National Bank lowered the base rate from 16.25% to 15.75%. It was the fourth consecutive decline since June. It should be noted that in October, nine banks revised their deposit rates, most of the downward changes for time and savings deposits. Experts believe that by the end of the year the situation in the retail deposit market will be relatively stable, as the likelihood of further changes in the base rate remains low.

How interest rates on deposits changed after the fourth consecutive reduction in the base interest rate in Kazakhstan In October, the National Bank lowered the base rate from 16.25% to 15.75%. It was the fourth consecutive decline since June. It should be noted that in October, nine banks revised their deposit rates, most of the downward changes for time and savings deposits. Experts believe that by the end of the year the situation in the retail deposit market will be relatively stable, as the likelihood of further changes in the base rate remains low.