The Bank of Finland set the reference rate under the Interest Act for 1 July to 31 December 2026 at 2.5%, which sets the penalty interest rate at 9.5% per year and the rate applicable to commercial contracts at 10.5% per year, based on the European Central Bank’s last main refinancing operation before the start of the half-year and rounded up to the nearest half percentage point.
Bank of Finland2026-06-30
Bank of Finland sets 2.5 percent reference rate and penalty interest rates for second half of 2026
The Bank of Finland set the Interest Act reference rate for 1 July to 31 December 2026 at 2.5%, resulting in a 9.5% penalty interest rate and a 10.5% rate for commercial contracts.