Base rate remains at –0.25 percent
The Ministry of Finance has set the base rate to –0.25 percent as of 1 July 2020 until the end of December 2020. The base rate has been at –0.25 percent since 1 January 2020.
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.
Markku Puumalainen, Financial Counsellor, tel. +358 2955 30206