European Central Bank policymaker Gediminas Simkus said on Monday he expected an interest rate cut in March and "a couple more" in the following months.

The European Central Bank has cut interest rates and kept the door open to further policy easing as concerns over lacklustre economic growth supersede worries about persistent inflation.

European Central Bank interest rates have room to fall further given weak growth and a slowdown in inflation, but uncertainty is so high that any more precise guidance on rates would be unrealistic, Slovak policymaker Peter Kazimir said on Monday.