basis point

noun

: one hundredth of one percent (as in the yield of an investment)

Examples of basis point in a Sentence

Recent Examples on the Web But now, the consensus view implies just three 25 basis point cuts. Will Daniel, Fortune, 3 Apr. 2024 That possibility might lead the Fed to preemptively cut 25 basis points from the current federal funds rate, even if current economic conditions remain unchanged. Paul Weinstein Jr., Forbes, 29 Mar. 2024 The central bank under Erkan raised interest rates by a cumulative 3,650 basis points to 45%. Beril Akman, Bloomberg.com, 3 Feb. 2024 Smoke expects three rate cuts of a quarter point each — totaling 75 basis points — in 2024. Susan Tompor, Detroit Free Press, 20 Mar. 2024 Goldman Sachs expects four rate cuts of 25 basis points apiece, with the first cut coming in June. Samanth Subramanian, Quartz, 9 Mar. 2024 Home Depot’s gross margin was 33%, a decrease of eight basis points from the year before. Sasha Rogelberg, Fortune, 20 Feb. 2024 Key Background Market expectations for monetary policy more closely align with the prior musings of the Fed, which forecast 75 basis points of cuts in 2024 late last year and maintained inflation remains far too high for a full policy pivot. Derek Saul, Forbes, 13 Feb. 2024 The central bank, known as CBE, increased the key interest rate by 600 basis points to 27.75%. Samy Magdy, Quartz, 6 Mar. 2024

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'basis point.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1962, in the meaning defined above

Time Traveler
The first known use of basis point was in 1962

Dictionary Entries Near basis point

Cite this Entry

“Basis point.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/basis%20point. Accessed 19 Apr. 2024.

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