LONDON—The Bank of England, in a surprise change of course, played down the chances of a further cut in interest rates Thursday, saying it expects the U.K.’s decision to leave the European Union to weigh less heavily on the economy in the next year or so than previously thought.

Officials also warned that there are limits to how far they will tolerate price-growth in excess of their 2% target, signaling that they may be prepared to…

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>