Bank of England leaves rate unchanged at 4%

UK - The Bank of England's Monetary Policy Committee has left its key lending rate unchanged at four percent for the seventh month running as it awaits concrete signs that the economy has shaken off its downturn.

Thursday's decision to leave its repo rate at a 38-year low had been widely forecast by economists, although many expect borrowing costs to rise as soon as next month.

Business leaders, worried that the first increase in borrowing costs for over two years could throw a fragile econom

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