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Discover LudwigThe phrase 'basis point' is correct and can be used in written English.
Basis point is a term used in finance to describe a change in an interest rate or other financial metric that is equivalent to one one-hundredth of a percent. For example, if the interest rate on a loan increases by 10 basis points, this would be the same as an increase of 0.10%.
Dictionary
basis point
noun
One hundredth of one percentage point
synonyms
Exact(39)
(One basis point is 0.01 percent).
A basis point is 0.01 percentage point.
A basis point is one-hundredth of 1percentt.
A basis point is a hundredth of a percentage point.
(A basis point is one-hundredth of a percentage point).
They fell 1 basis point to 2.49% today.
Similar(19)
There's only about a 28-basis point spread between triple-A corporates and Treasuries.
"The market is more and more perceiving a 50-basis-point rise coming down the pike".
"The marketplace expects two more 25-basis-point hikes this year.
"One could argue strongly for a course of sticking to 25-basis-point increases".
The rate cut is the bank's second consecutive 50-basis-point monthly reduction.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com