To: FourtySeven
It's the fraction times 1000. 25 basis points is the same as .025 increase in the interest rate.
27 posted on
12/14/2004 12:36:57 PM PST by
JustaCowgirl
(I don't know what I said yesterday, but I know what I think, and I assume that's what I said- Rummy)
To: FourtySeven
My apologies. The previous responder is right. 25 basis points is the same as .0025, or one-hundredth of a percent.
28 posted on
12/14/2004 12:40:55 PM PST by
JustaCowgirl
(I don't know what I said yesterday, but I know what I think, and I assume that's what I said- Rummy)
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