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Base rate 0,5 per cent

Media release.
Published: 11-Dec-2013 10:39 am
Publisher: Valtiovarainministeriö

The Ministry of Finance has set the base rate to 0.5 per cent as of 1 January 2014 until the end of June 2014. The base rate has been at 0.5 per cent since 1 July 2013.

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: Mr. Markku Puumalainen, Financial Counsellor, tel. 358 2955 30206.

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