Helibor

It was calculated each day as an average of the interest rates at which the banks offered to lend unsecured, Finnish markka nominated funds to each other.

[2] Before deregulation and floating the currency, it was rather high compared to the rest of the Western world, meaning that for instance mortgage interest rates were regularly ca.

The Bank of Finland began publishing Helibor rates officially in May 1987.

[1] Helibor was quoted for the last time on December 31, 1998, after which it was replaced with the Euribor.

Fluctuations in the Helibor played a prominent role in the Finnish banking crisis in the late 1980s and early 1990s.