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Base rate remains at 2,25 per cent

03.06.2004  |  Press release 75/2004

The Ministry of Finance has set the base rate to 2,25 per cent as of 1 July 2004 until the end of December 2004. The base rate stood at 2,25 per cent since 1 January 2004.

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. Mikko Vuorikallio, Financial Advicer, tel. +358-(0)9-160 34922.

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Ministry of Finance P.O BOX 28 FIN-00023 GOVERNMENT Tel. +358 295 16001 E-mail: valtiovarainministerio@vm.fi