A basis point is equivalent to one hundredth of one per cent. When commentators refer to interest rates being decreased by 25 basis points, they mean, for example, from 5.25% to 5.0%.
A basis point is equivalent to one hundredth of one per cent. When commentators refer to interest rates being decreased by 25 basis points, they mean, for example, from 5.25% to 5.0%.