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A comment on US Federal Reserve raises interest rates for first time since 2018. Parent comment

Re:US Federal Reserve raises interest rates for first time s... by monktastic1 on Wednesday March 16, 2022 @04:20PM (#30703523)
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.

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Re:US Federal Reserve raises interest rates for first time s... by dmurray on Wednesday March 16, 2022 @04:28PM (#30703627)
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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