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:
'Not enough things for us to do'
Students discuss Island opportunities after vising annual employment fair
MHK calls for 'clear plan' for town's Post Office
IOMPO seeking expressing of interest
Education minister 'on a mission' to identify challenges
Sarah Maltby says opportunities for young people are a priority
Welbeck owners accept offer from buyer
Family-run hotel to be saved
