Basis point
One hundredth of a percent / From Wikipedia, the free encyclopedia
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This article is about the financial term. It is not to be confused with the electronic term Bias point.
A basis point (often abbreviated as bp, often pronounced as "bip" or "beep"[1]) is one hundredth of 1 percentage point. Changes of interest rates are often stated in basis points. If an interest rate of 10% increased by 1 basis point, it changed to 10.01%.[2]
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The related term permyriad means one thousandth of 1 percentage point.