Bps is also specifically a flat change rather than relative to the previous value. E.g. If without bps if you have an interest rate of 2% and somebody states t

Bps is also specifically a flat change rather than relative to the previous value. E.g. If without bps if you have an interest rate of 2% and somebody states that it has increased by 10%, it's unclear whether they meant a result of 2.2% or 12%.