The formulas to convert between basis points and percentages are:
If you have a rate increase of 9 basis points and want to convert it to a percentage:
\[ \text{Percent} = \frac{9}{100} = 0.09\% \]
Conversely, to express a 0.25% decrease in basis points:
\[ \text{Basis Points} = 0.25 \times 100 = 25 \]
