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A comment on Federal Reserve to increase interest rates by 25 basis points. Parent comment
If interest rates are 5% and they are "increased by 0.25%", does that make them 5.25% (adding 0.25% of 100) or 5.0125% (adding 0.25% of 5).
Basis points are supposed to be an unambiguous way of explaining the increase.
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If interest rates are 5% and they are "increased by 0.25%", does that make them 5.25% (adding 0.25% of 100) or 5.0125% (adding 0.25% of 5).
Basis points are supposed to be an unambiguous way of explaining the increase.