Basis point (bp)
In German: Basispunkt (Bp)
One hundredth of a percentage point (0.01 %). A rate cut of 25 basis points lowers the rate by 0.25 percentage points, for example from 4.50 % to 4.25 %.
In German: Basispunkt (Bp)
One hundredth of a percentage point (0.01 %). A rate cut of 25 basis points lowers the rate by 0.25 percentage points, for example from 4.50 % to 4.25 %.