Basis Point
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YouTubeN V Finance
Basis Point
A measure used to express changes in interest rates, one basis point (BPS) equals 1/100th of 1 percent. When the Reserve Bank cuts interest rates by 25 basis points, it means rates go down by 0.25% The "basis" in basis point comes from the base move between two percentages, or the spread between two interest rates. Because the changes recorded ...
15.4K viewsDec 30, 2019
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