Vitaly Kisin Nov 11, 2007:

Many (belated) thanks

ahmadwadan.com (asker) Nov 9, 2007:

Exactly basis points

JohnGBell Nov 9, 2007:

basis point - One hundredth of a percentage point (0.01%). http://www.investorwords.com/434/basis_point.html so 25 basis points is 0.25%

Vitaly Kisin Nov 9, 2007:

If you forgive the question: what is bps here? Basis points?

ahmadwadan.com (asker) Nov 9, 2007:

Full text: ‎“As expected the Fed cut rates by 25bps. Weak US economic data immediately after the Fed ‎move took the legs away from the subsequent equities rally and even emerging markets failed to ‎make progress despite interest rate cuts in some places, such as Hong Kong.”‎