What Happens to Loans and Deposits After Base Rate Cut
Summary
A sharp drop in loan rates is not expected following the base rate cut to 16.25%, while bank deposits remain attractive.
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Borrowers should not expect a sharp reduction in loan interest rates following the recent base rate cut to 16.25%, according to Aigerim Ilyasova, a financial expert at Qazaq Expert Club.
According to the expert, commercial banks typically do not rush to immediately adjust their lending and deposit terms when the base rate changes. Market research indicates that the transmission of monetary policy adjustments into retail banking rates takes time.
Meanwhile, bank customers in Kazakhstan can still take advantage of opening deposits at favorable interest rates before broader market adjustments take effect.
Source: Kursiv
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