Definition of basis point in English:

basis point

noun

Finance
  • One hundredth of one percentage point (used chiefly in expressing differences of interest rates)

    ‘the Treasury will be paying an overall rate just 75–100 basis points above bill rates’
    • ‘A basis point is one hundredth of a percentage point.’
    • ‘Adding these factors, you might expect us to show modest declines in our net interest margin of about a basis point a quarter this year.’
    • ‘Each percentage point of inflation is associated with a 146 basis point increase in the earnings yield.’
    • ‘Fifteen-year fixed mortgage rates also declined one basis point, to 5.14%.’
    • ‘The prospect of a 75 basis point interest rate cut had investors breathing easier by late last week, but it was another tough week overall, especially for tech investors.’