Finland: Base rate is set to -0,50 per cent

NordenBladet — The Ministry of Finance has set the base rate to -0.50 per cent as of 1 January 2021 until the end of June 2021. The base rate has been at -0.25 per cent since 1 January 2020ia.

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)

Source: Valtioneuvosto.fi