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basis point

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.43 sec.

basis point

Unit commonly used in finance, equivalent to one hundredth of 1%, or 0.01%. For example, if a bond's yield rises from 8.50% to 8.55%, it is said to have risen by 5 basis points.
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Twelve years ago, the Fed hiked interest rates by 300 basis points, or 3 percent, in just one year.
Historical perspective can prevent hysterical reaction by Berry, Kate / Los Angeles Business Journal
The Federal Open Market Committee decided on September 20, 2005, to raise its target for the federal funds rate 25 basis points, to 3 3/4 percent.
Federal Open Market Committee statements by Federal Reserve Bulletin
75% to 3% at its May 3 meeting, the latest in a succession of consecutive 25 basis point increases that began nearly a year ago.
Interest rates riddle keeps investors on their toes by Geiger, Daniel / Real Estate Weekly
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