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).
Mr. Markku Puumalainen, Financial Counsellor, tel. +358 2955 30206, [email protected]