Base rate remains at 0.00 per cent

The Ministry of Finance has set the base rate to 0.00 per cent as of 1 July 2016 until the end of December 2016. The base rate has been at 0.00 per cent since 1 January 2016.

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

Mr. Markku Puumalainen, Financial Counsellortel, tel +358 2955 30206, markku.puumalainen (at) vm.fi