Equal to 0.0001 in decimals (one ten thousandth) or one hundredth of a percent, used for the small figure in interest rates, which are often quoted to 2 dcp or 1 basis point accuracy e.g. 2.63%.
Equal to 0.0001 in decimals (one ten thousandth) or one hundredth of a percent, used for the small figure in interest rates, which are often quoted to 2 dcp or 1 basis point accuracy e.g. 2.63%.