[skybrian]

Yes but it could avoid some bad effects.

If a company temporarily can't manufacture something due to supply chain disruption, they could lose a lot of money and might need to borrow some. Getting by until things recover just got cheaper.

I'd guess there are probably similar issues for restaurants, the tourist industry, maybe construction?

But that assumes they're credit-worthy. It wouldn't help a company that can't borrow.

[pbourke]

Somehow I don’t think the ability to borrow money 0.5% cheaper than yesterday is going to make a material difference to a lot of firms.