The basis point of interest rate increase refers to the percentage of interest rate increase. Typically, 1 pip is 0.01%. Therefore, an interest rate increase of 75 basis points means an interest rate increase of 0.75 percentage points based on the original benchmark interest rate. For example, the base interest rate before the rate hike was 3.5%. , then after raising interest rates by 75 basis points, the interest rate will become 4.25%. On the contrary, a 75 basis point interest rate cut means that the original benchmark interest rate will be reduced by 0.75%.

It should be noted that raising interest rates by 75 basis points is to tighten monetary security. It refers to raising bank deposit and loan interest rates, reducing social currency circulation to a certain extent, increasing bank savings, and alleviating inflation. However, because banks increase deposit interest rates, residents will deposit a large amount of funds. Entering banks to obtain income will inhibit consumption; the increase in bank loan interest rates means that the cost of corporate loans from banks increases, that is, the financing costs increase. It is not conducive to the development of enterprises.