BRUSSELS (AFX) - EU monetary affairs commissioner Pedro Solbes says falling euro zone inflation leaves the European Central Bank room to move on interest rates. Commenting on ECB president Wim Duisenberg's remarks on inflation and monetary policy last night, he said: "The rate of inflation is going down and, as we have said many times, this means more margin to manoeuvre for the Bank." However, he said the timing of the next rate move is up to the ECB. Following Duisenberg's comments last night the ECB is widely expected to cut rates by at least 0.25 basis points at Thursday's meeting of the governing council. After the eurogroup meeting last night, Duisenberg said the bank's "most recent assessment is that inflation is falling to levels well below the 2 pct limit." "It will be early next year but then it will be well below and then it will stay there," he said. "I am sure the governing council will take all the factors leading to this phenomenon well into account," he said. Solbes reiterated the European Commission's forecast of euro zone GDP growth of around 1.5 pct for 2001 and 2002.