Finance and Economics:
In finance, small changes are often described in 'basis points,' where 100 basis points equal 1 percentage point. Stating that the central bank raised rates by 25 basis points (0.25 percentage points) is precise and universally understood in the industry. It avoids the ambiguity of a 'percent change'.
Media and Journalism:
Accurate journalism relies on the correct use of this term. If the unemployment rate falls from 5% to 4%, it is a decrease of 1 percentage point. Reporting this as a '1% drop in unemployment' is misleading, as the actual percentage change was ((4-5)/5) * 100 = -20%
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