Meaning of “half point” in the English Dictionary

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"half point" in Business English

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half pointnoun [ C ]

uk us FINANCE, STOCK MARKET

half of one percent:

Reaction to the worsening international situation knocked the 30-year Treasury bond down a half point.
a half point rise/increase/cut Markets have been badly affected by the half point rise in U.S. interest rates.

(Definition of “half point” from the Cambridge Business English Dictionary © Cambridge University Press)