Bps is also specifically a flat change rather than relative to the previous value.
E.g. If without bps if you have an interest rate of 2% and somebody states that it has increased by 10%, it's unclear whether they meant a result of 2.2% or 12%.
E.g. If without bps if you have an interest rate of 2% and somebody states that it has increased by 10%, it's unclear whether they meant a result of 2.2% or 12%.
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