-YES if the rates decrease

-NO if same or higher

• source: https://www.ecb.europa.eu/stats/policy_and_exchange_rates/key_ecb_interest_rates/html/index.en.html

• ECB decision on the 2024-09-12

• on the main refinancing rate, also known as the "main rate" or "refi rate," is currently set at 4.25% on the 2024-09-09