LONDON—The Bank of England, in a surprise change of course, played down the chances of a further cut in interest rates soon, saying it expected 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. Central-bank officials also warned there were limits to how far they would tolerate price growth in excess of their 2% target, signaling that they might be...

Source: Wall Street Journal November 03, 2016 12:13 UTC