A basis point (‰) is one one-hundredth of a percentage point—a fraction of a fraction. It’s used to describe a differential from an interest rate that is expressed as a percentage. Why am I only learning this now?
—29 Aug 2008
A basis point (‰) is one one-hundredth of a percentage point—a fraction of a fraction. It’s used to describe a differential from an interest rate that is expressed as a percentage. Why am I only learning this now?