INTERVIEW - West Africa central bank open to more rate cuts

* BCEAO open to more rate cuts

* Limited budgetary room for manoeuvre

* No plans for devaluation

By Anna Willard

AIX-EN-PROVENCE, France, July 4 (Reuters) - West Africa's BCEAO central bank is open to further interest rate cuts and other steps to help stimulate the economy, governor Philippe Henri Dacoury-Tabley said on Saturday.

The central bank trimmed its benchmark interest rate to 4.25 percent from 4.75 percent on June 11. But the International Monetary Fund said on Friday it had room for further cuts. "It is not for the IMF that I cut interest rates. I cut interest rates according to the situation that we have in our countries," he said in an interview.

"If despite everything we've done, the situation doesn't improve. We will act, cut interest rates or take other measures, we're ready to do everything to help the banking sector play its role in restarting growth."

The central bank has also reduced reserve requirements for banks to help stimulate credit provision.