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.

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 is likely to lower borrowing costs beyond its next meeting, according to Governing Council member Gediminas Simkus.