The claim wasn't that "raising by 25 bps" should be interpreted the same as "rai... | Hacker News

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monktastic1 on March 16, 2022 | parent | context | favorite | on: US Federal Reserve raises interest rates for first...

The claim wasn't that "raising by 25 bps" should be interpreted the same as "raising by .25%", it was:

> 25 bps means 0.25%.

In a sense, that is technically correct: it does refer to .25% -- not of the current value but of the 100% value.

dmurray on March 16, 2022 [–]

While we're at it, we should remember that this isn't a unitless number although it's often confused for one.

Interest rates are being raised by .25% per year.

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