(They argued that the case for a half-point interest-rate cut was “compelling”.)
What does "half-point interest-rate cut" mean, esp. "half-point"?
What does "half-point interest-rate cut" mean, esp. "half-point"?
half-point
This one is easy.
A full interger cut or rise in the interest rate, would be a rise from 5 to 6.
A half point rise, is a rise from 5 to 5.5
In other words, the interest rate has risen by half a point.
A full interger cut or rise in the interest rate, would be a rise from 5 to 6.
A half point rise, is a rise from 5 to 5.5
In other words, the interest rate has risen by half a point.