What is the difference between percentage points and basis points?

What is the difference between percentage points and basis points? What is 50 basis points as a percentage? Since 1 Basis Point is equal to 0.01 %, 50 Basis point is equal to 0.5 percent. Therefore, 50 basis points denotes 0.5 percentage. What is 60 basis points as a percentage? points is equal to 1.0%. … Continue reading What is the difference between percentage points and basis points?