FRANKFURT, Feb 24 (Reuters) - The European Central Bank still has room to cut interest rates, ECB Governing Council member and head of the German Bundesbank, Axel Weber, was quoted as saying on Tuesday.
"Yes, there is still some room for manoeuvre, (to cut rates) that we can use," Weber was quoted as saying in a pre-released version of an interview with German newspaper Die Welt.
The ECB has cut rates at a record pace in the last few months. Borrowing costs now stand at 2.0 percent having been at 4.25 percent at the start of October. It is also widely expected to cut them further next week. (Click on [ECB/INT] for latest Reuters poll)
(Reporting by Marc Jones)