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Base rate is set to 0.00 per cent

Ministry of Finance 9.12.2015 16.28
Press release
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 January 2016 until the end of June 2016. The base rate has been at 0.25 per cent since 1 July 2015.

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 Counsellor, tel. +358 2955 30206, [email protected]