In terms of economy and finance, bp is the basic point. One basis point is equal to 1 percentage point 1%, that is, 0.0 1%, so 100 basis points is equal to 1%. So 6 1% equals 6 100bp.

Bp is used to measure the interest rate changes of bonds and bills in finance. The base point is often abbreviated as "BP/BPS". For example, when the Federal Reserve cuts the federal benchmark interest rate by 50 basis points, it is equivalent to a drop of 0.5 percentage points.