Base rate to 2,50 per cent

05.06.2003  |  Press release 58/2003

The Ministry of Finance set the base rate to 2,50 per cent as of 1 July 2003 until the end of 2003. Prior to this change the base rate stood at 3.25 per cent since 1 January 2003.
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.

Language versions

• Peruskorko laskee 2,50 prosenttiin
  05.06.2003
• Grundräntan till 2,50 procent
  05.06.2003

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