I was asking about the importance of basis points - wondering what you think about basis points.
For example, “0.05%” most people would understanding, but the more fine-tuned and smaller “8 basis” points would have some people wondering, huh?
My intent was to clarify my statement. That is all I was doing.
Once the dollar is floated, we won’t be talking basis points, but entire interest percentages. Anything smaller than 1%, or 100 basis points, will not be on the discussion table I don’t think.