Base rate is kept at −0.50 per cent

The Ministry of Finance has set the base rate to −0.50 per cent as of 1 July 2021 until the end of December 2021. The base rate has been at −0.50 per cent since 1 January 2021.

The base rate, calculated twice a year, is determined based on 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.

Inquiries:

Markku Puumalainen, Senior Ministerial Adviser, tel. +358 2955 30 206, markku.puumalainen(at)vm.fi