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Base rate 2,0 per cent

07.06.2011  |  Press release 58/2011

The Ministry of Finance has set the base rate to 2,0 per cent as of 1 July 2011 until the end of December 2011. The base rate has been at 1,50 per cent since 1 January 2011.

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. Heikki Solttila, Financial Counsellor, tel. 358-(0)9-160 34895

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