Government and ministries Media

Base rate is set to 0.00 per cent

Ministry of Finance 10.6.2019 11.15
Press release

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

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