This is bound to put more downward pressure on the Euro ECB rate. as it must have an effect on exchange rates particularly if there is any delay in a further ECB cut in rates.
Might we see rates fall a further 1%?
It would certainly make serviceing debt more affordable for those whose incomes are being maintained.
It is only a matter of time before inflation is let loose particularly as the Americans are taking measures to keep rates low over the longer term.