Meaning of “quarter-point” in the English Dictionary

business-english dictionary

"quarter-point" in Business English

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quarter-pointnoun [ C ]

uk us

FINANCE, ECONOMICS, BANKING a quarter of one percent:

A $10 rise in the price of a barrel of oil reduces growth by about a quarter-point.
The City expects the Bank of England to announce a quarter-point rate cut today.

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