One of the mysteries of the English language finally explained.
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’
- ‘Fifteen-year fixed mortgage rates also declined one basis point, to 5.14%.’
- ‘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.’
- ‘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.’
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