The bank has been lowering rates since June as inflation slowed, but other risks are growing, including the threat of higher tariffs promised by President-elect Donald J. Trump.

European shares were mostly lower while the dollar held firm on Tuesday as traders braced for a slate of central bank meetings this week that is likely to see the U.S. Federal Reserve deliver a rate cut and the Bank of Japan stand pat for now.

Asia-Pacific markets trade mixed on Tuesday as cautious traders anticipated interest rate decisions from major central banks, including the US Fed, this week. A monthly review of key lending rates in China will also take place in the coming days,