Mario Centeno, a member of the European Central Bank's governing council, said that policymakers may cut interest rates several times this year to support the economy. On Tuesday, Centeno, the governor of the Portuguese central bank and one of the more dovish members of the governing council, told Bloomberg TV's Francine Lacqua that the central bank's formal policy suggests that a rate cut in July should not be ruled out. 'I expect there will be several interest rate cuts this year,' he said at the European Central Bank conference in Sintra, Portugal. 'We need to follow a strategy of making decisions gradually at meetings and hope that data will continue to meet our expectations.'