Bank chief hints at interest rate cut

INTEREST rates could be cut later next month the governor of the Irish Central Bank John Hurley signalled last night.

Mr Hurley, a member European Central Bank's governing body, which decides on interest rates cuts said there was room for manoeuvre on interest rates cuts.

The eurozone economy was expected to grow at a slower rate in 2003 than had been expected as recently as last December, Mr Hurley said in a speech to ACI Ireland, the Financial Markets Association.