AIB cut variable & fixed rates

I see today that AIB have cut variable rates on residential mortgages in line with the most recent ECB rate cut. Standard Variable is now 3.25% (APR 3.3%).

Fixed rates have been cut also - two year fixed is now 3.00% (APR 3.04%) which suggests that the powers that be are predicting a further cut in the variable rate in the not-too-distant future.