The central bank lifted its policy rate to a 30-year high of 0.75% in December, then kept it unchanged in January while raising its inflation outlook.

The U.S. 10-year Treasury yield held around 4.24%, stabilizing after the previous session’s rise as the Federal Reserve is expected to keep rates steady.

The dollar index stayed near 96, extending its slide to the lowest level since February 2022. President Trump downplayed the decline, reinforcing views that the administration is comfortable with a softer dollar to support exports.