100 basis point is 1% (why they don't just call it 1% I don't know, that'd be more readable for 9900 BP of readers...)
Now, 100 BP is what, 10x larger than the long-awaited "first rate hike in a decade"? Why do they even discuss such a "drastic" rate change? It'd take years for the interest rate to climb that much at the speed they say they intend to raise it and then it would no longer be a "shock increase" of the sort they discuss.
Now, 100 BP is what, 10x larger than the long-awaited "first rate hike in a decade"? Why do they even discuss such a "drastic" rate change? It'd take years for the interest rate to climb that much at the speed they say they intend to raise it and then it would no longer be a "shock increase" of the sort they discuss.