Basis point
noun
noun ·Rare ·Advanced level
Definitions
Noun
- 1 One hundredth of one percentage point.
"The RBI this month raised rates by 50 basis points after a 40 bps hike in May."
Synonyms
All synonymsExample
More examples"The RBI this month raised rates by 50 basis points after a 40 bps hike in May."