ECB Rate Cut to 1%

As was widely expected the European Central Bank (ECB)  cut interest rates today to an all time low of just  1 per cent, (from 1.25%) . The new rate comes into effect on May 13th – but how many mortgage lenders will pass this latest cut on to variable mortgages?
People on tracker mortgages will see  monthly mortgage repayments on a €200,000 tracker mortgage over 25 years fall €22 from   €776 to  €754.