Basis point

per ten thousand sign
In UnicodeU+2031 PER TEN THOUSAND SIGN (‱)
Related
See alsoU+0025 % PERCENT SIGN
U+2030 PER MILLE SIGN (per thousand)

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. For example, if an existing interest rate of 10 percent is increased by 1 basis point, the new interest rate would be 10.01 percent.[2]

The related term permyriad means one part per ten thousand.

  1. ^ "Beep". Investopedia.
  2. ^ Chad Langager. "Basis Point (BPS) Definition & How It's Used". Investopedia.