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 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.