Base rate to 4.5 per cent

11.06.2001  |  Press release

The Ministry of Finance set the base rate to 4.5 per cent as of 1 July 2001 until the end of December 2001. Prior to this change the base rate stood at 5.25 per cent since 1 January 2001.

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. Jussi Niemi, Senior Financial Officer, tel. +358-(0)9-160 4887.

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• Peruskorko laskee 4,5 prosenttiin
  11.06.2001

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