basic point
Investment Dictionary -> basic point
Basic Point is 1/100 of 1%. For example if a news says that the central bank increased the interest rate with 25 basic points from 5%, this means that the new interest rate is 5.25%.
Basic Point is 1/100 of 1%. For example if a news says that the central bank increased the interest rate with 25 basic points from 5%, this means that the new interest rate is 5.25%.