The Bank of England may be unable to cut interest rates if the U.K.’s exit from the European Union turns out to be worse than policymakers currently expect, Governor Mark Carney said. Because the decision to leave the EU is already crimping supply and trimming the pace of economic growth without fanning prices, the central bank might not be able to provide extra impetus if inflation spins out of control, Carney said on ITV’s “Peston on Sunday.” When asked if Brexit might prevent the BOE from cutting rates even when growth is slowing, Carney said, “That’s an extreme possibility but it is a possibility,” though “we ... (full story)