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 2017 until the end of December 2017. 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 mar-ket 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).
Mr. Markku Puumalainen, Financial Counsellor, tel. +358 2955 30206, markku.puumalainen(at)vm.fi