In late July 2026, investors were closely watching the upcoming monetary policy decisions of the U.S. Federal Reserve and the Bank of England. Earlier that same week, the European Central Bank (ECB) had kept its key interest rates unchanged, including its main refinancing rate at 2.40%, while signaling that it would continue monitoring inflationary pressures, particularly from higher energy prices.
📚 MCQ:
In late July 2026, as investors were awaiting upcoming policy decisions from the U.S. Federal Reserve and the Bank of England, which major central bank had already kept its interest rates unchanged at 2.40% during that same week?
✅ Answer: European Central Bank (ECB)
✅ In this video, you’ll learn:
The correct answer to the MCQ
Which central bank kept its interest rates unchanged
What the ECB’s 2.40% rate refers to
Why investors were closely watching the Fed and the Bank of England
Important Economy, Banking, International Organizations, and Current Affairs facts for UPSC, SSC, Banking, Railways, CDS, NDA, State PCS, CUET, and other competitive examinations
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