A unit of measure for 1/100th of a percent (0.01%). For example, if you heard that interest rates increased by 30 basis points, it means they went up by 0.30%.
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A unit of measure for 1/100th of a percent (0.01%). For example, if you heard that interest rates increased by 30 basis points, it means they went up by 0.30%.
« Back to Glossary Index