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BPS + Funds

  • 14-03-2008 2:34pm
    #1
    K09
    Registered Users, Registered Users 2 Posts: 649 ✭✭✭


    Hi all,

    Not sure where to post this but anyway...

    In the Finance Industry - specifically Funds Admin - What do people mean when they say 50 BPS?? What does BPS mean?

    Thanks.


Comments

  • #2
    hansman
    Closed Accounts Posts: 30 ✭hansman


    It's just a fancy way of expressing percentages. There are 100 BPS (Basis Points or Base points depending on who you talk to). There are 100 bps in 1%. So 50 bps is 0.5%

    You see it in the news a lot these days with all the central banks cutting their interest rates by x bps.


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