Statistics of Interest Rates
Coverage, Periodicity, and Timeliness
The following data are distributed:
The Base interest rate is set up by National Bank according with common condition of the monetary market, supply and demand under loans, inflation rate and inflationary expectations;
Daily rates: overnight and Convey REPO operations; government securities;
Monthly: the rates on loans, extended to clients and on deposits, attracted by commercial banks from clients; short-term interbank rates.
For daily rates - not applicable;
For monthly rates on loans and deposits: – on the 30th day.
Access by the Public
Advance dissemination of release calendar
|Daily data are issued every day.
Simultaneous release to all interested parties
|The data are disseminated is available at the NBK's web-site in Internet for all interested parties and published in the “Statistical Bulletin”.
Dissemination of terms and conditions under which official statistics are produced, including confidentiality of individual respondents
The compilation and dissemination of the monetary statistics are governed by the terms and conditions of the Law of the Republic of Kazakhstan “On the National Bank”, Articles 7, 8 and the Law “On Banks and Banking Activity”, Article 54, which provides the following: “the banks must provide the National Bank with any requested information about their funds, including those outside the Republic of Kazakhstan, the amount of deposits attracted and loans granted, banking operations and other information including the data, relating to banking secrecy".
Under the Law of the Republic of Kazakhstan “On the National Bank”, Article 8, the compilation and dissemination of statistical information for financial market review, monetary and banking statistics is one of the key functions of NBK.
Confidentiality of information about respondents is established by Article 54 of the Law "On Banks and Banking activities in the Republic of Kazakhstan": "Employees of the authorized body shall be liable in accordance with the Laws of the Republic of Kazakhstan for disclosure or transfer to third parties information obtained under the implementation of the rights established by paragraphs 2 and 3 of this article”.
Further, article 501 of the Code of the Republic of Kazakhstan "On administrative offences" provides for penalties for "unlawful disclosure of primary statistical data, statistical information and (or) databases allowing to identify the respondent by an official of the state statistics bodies, except in cases provided for by article 8 of the Law of the Republic of Kazakhstan "On State statistics”, if these actions do not contain signs of a criminal act".
Identification of internal government access to data before release
|Users outside the NBK do not have access to the data before their official publication.
Provision of information about revision and advance notice about major changes in methodology
|The published data are final and slight adjustments are possible. Any changes in the methodology are provided in advance before they are made.
Dissemination of documentation on methodology and sources used in preparing statistics
|The interest rates statistics methodology is briefly described in the short comments of the monthly Statistical bulletin of the National Bank.
Dissemination of documentation on methodology and sources, that support statistical cross-checks and provide assurance of reasonableness
The information on refinancing rate, interbank market rates, Government securities yield, Convey Repo rates, NBK deposits rates, NBK loans rates (including overnight)
are posted at the web-site of the National Bank (http://www.nationalbank.kz/eng/CurrentFinInfo/).
The Statistical Bulletin contains the following:
1) the data on official rates, including the refinance rate, overnight, convey REPO and discount rates for the last 5 years,
2) interbank credit and deposit rates for different terms for the last 5-6 years,
3) credit and deposits rates of the commercial banks clients for the last 4-6 years,
4) state securities yield for different maturities for the last 5 years.
The annual report includes diagrams of deposit rates for customers.
Dissemination format page
Monthly: Statistical Bulletin of NBK in Kazakh, Russian and English.