TOKYO, Nov 27 (Reuters) - Inflationary pressure is decreasing in the euro zone and the European Central Bank has room for another interest rate cut, ECB governing council member Christian Noyer told Japan's Nikkei business daily.
Euro zone inflation is expected to stay below 2 percent throughout next year due to a fall in commodities prices and slowing economic growth, Noyer was quoted as saying in the paper's Thursday morning edition.
Noyer, who is also the governor of the Bank of France, said he does not rule out the possibility of further rate easing by the ECB.
Sentiment among corporations and consumers was bad now, but the euro zone economy was expected to start to recover in the latter half of next year, returning to its growth path in 2010, Noyer said.
Two cuts by the ECB since October, each of 50 basis points, have brought benchmark euro zone interest rates to 3.25 percent as the global financial crisis has been biting into the zone's economy. (Reporting by Rika Otsuka; Editing by Michael Watson)