quarter point

American  

noun

1. the fourth part of the distance between any two adjacent points of the 32 marked on a compass, being 2° 48′ 45″.

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Etymology

Origin of quarter point

First recorded in 1720–30

Example Sentences

Briggs expects the Fed to cut interest rates by a quarter point three more times before stopping.

From Barron's

In its first interest-rate cut in nine months, the Federal Reserve cuts rates by a quarter point.

From The Wall Street Journal

The benchmark federal-funds rate was reduced by a quarter point—to between 3.5% and 3.75%, a three-year low.

From The Wall Street Journal

The Bank of England is widely expected to cut its main interest rate by a quarter point to 3.75 percent on Thursday, as the UK economy struggles to grow and unemployment rises.

From Barron's

The Fed cut rates at its last three meetings by a quarter point.

From The Wall Street Journal