possible further interest cut in aus

tonight BoE, ECB slashed key rates by 1.5% and 0.5% respectively. given the deteriorating economic conditions after last rate cut, RBA would go further to cut the rate by around 1% soon. RBA is a bit conservative . the rate in AUS is almost double higher than in EU. as we can see that banks are still not passing the full rate cut to borrowers, the credit market is still very tight.

any thoughts on this?