FRANKFURT (AFX) - Bundesbank president Ernst Welteke said the European Central Bank is prepared to cut interest rates again, but only if price stability is not compromised. "If, in the governing council of the ECB, we see the possibility of reducing interest rates further without compromising price stability, we will do so," Welteke said in the text of a speech to be delivered in Copenhagen. He added there has been "definitely good news" on price developments in the euro area, with the headline rate of inflation falling since reaching a peak of 3.4 pct in May. Early indicators, such as producer prices and the 2.0 German inflation rate for October, point to a "further fall" in inflation in the near future, he said. Welteke said economic growth in the euro area is "significantly" below potential and the return to the 2.5 pct figure defined as potential growth by the ECB will be delayed. But he added there are reasons to be optimistic about economic prospects for the euro zone in the near term.