Bank of England leaves key lending rate at 4.0 pct

UK - The Bank of England's Monetary Policy Committee on Thursday left its key lending rate unchanged at 4.0 percent for the fifth month in a row despite signs Europe's second biggest economy is recovering.

The decision to leave its repo rate at a 38-year low had been widely forecast by City economists, though many are now betting on higher borrowing costs in coming months.

BoE Governor Sir Edward George has repeatedly warned that the Bank might have to push up borrowing costs if consumer borrow