The cost of borrowing has reached its lowest level since early 2023
The Bank of England's cut the base rate of interest to its lowest level in almost three years.
The Monetary Policy Committee voted to reduce it from four to 3.75 percent.
It had been widely expected - particularly given a sharp drop in UK consumer inflation yesterday.
Treasury Minister Alex Allinson says it's good news:
Manxman to remain in dry dock for 'further necessary repairs'
Ben-my-Chree to cover sailings
PokerStars hints at job losses in reorganisation
Company confirms roles will be affected by transformation programme
DoI plans to improve Douglas' bus facilities
Minister says plans are a 'proportionate' and interim measure
MHK: I made protected disclosure in Tynwald
The Onchan MHK chaired the committee into whistleblowing
