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RBA Glossary definition for basis point
basis point – A basis point is 1/100th of 1 per cent or 0.01 per cent, so 100 basis points (bps) is equal to 1 percentage point. The term is used in money and securities markets to define differences in interest or yield. If an interest rate were to increase from 2 per cent to 3 per cent, it is said to have risen by 100 basis points (bps) or one percentage point.
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Simulation Results
1 Nov 1989
RDP
8907
Permanent 300 basis point rise in real interest rates;. Permanent 5 percent rise in inflation; and a. ... In this simulation we assume that real interest rates rise permanently by 300 basis points.
https://www.rba.gov.au/publications/rdp/1989/8907/simulation-results.html