Reference and Late Payment Interest Rates Updated

The Bank of Finland has confirmed updated reference rates and late payment interest rates for the period July 1 – December 31, 2025.

The updated rates will remain in effect for the next six months. Late payment interest rates are calculated based on reference rates plus statutory margins, with different rates applying to consumer transactions versus commercial agreements. For example, in Finland, the reference rate for the period is 2.5% (down by one percentage point), with late payment interest rates of 9.5% for consumer transactions and 10.5% for commercial agreements.

These regulatory updates highlight the importance of efficient payment processes and proactive cash flow management. Companies with streamlined invoicing workflows and real-time payment monitoring are better positioned to navigate changing financial conditions while maintaining strong customer relationships.

The Bank of Finland reviews and updates reference rates and late payment interest rates every six months as part of standard monetary policy procedures.

For detailed country-specific information, please refer to local central bank announcements.