Kazakhstan to Increase Maximum Rate for Certain Foreign Currency Deposits
Starting October 1, 2026, Kazakhstan will raise the maximum interest rate for certain foreign currency savings deposits from 1% to 2.5% annually. This change applies only to savings deposits with terms longer than 12 months and affects new or renewed accounts after the specified date. The Kazakhstan Deposit Insurance Fund (KDIF) stated this aims to liberalize deposit rate regulation and supports the de-dollarization of the market.
Headline and summary written by daryo. The full report belongs to LS.