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per ten thousand sign | |
| In Unicode | U+2031 ‱ PER TEN THOUSAND SIGN (‱) |
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| See also | U+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.
- ^ "Beep". Investopedia.
- ^ Chad Langager. "Basis Point (BPS) Definition & How It's Used". Investopedia.