Base rate is set to 0.00 per cent

The Ministry of Finance has set the base rate to 0.00 per cent as of 1 July 2019 until the end of December 2019. The base rate had been at –0.25 per cent since 1 January 2018.

The base rate, calculated twice a year, is determined on the basis of the average for the 12-month market interest rate quoted over the three months prior to the rate being set. The Ministry of Finance sets the base rate to the nearest one quarter of a percentage point (Act on certain reference rates 996/1998).

Inquiries:

Markku Puumalainen, Financial Counsellor, tel. +358 2955 30206