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:
Inflation rate increases to 4.1%
Oils, petrol and tobacco among categories seeing big increases over the last 12 months
Families say they are worse off under changes
Petition says middle income families are being squeezedÂ
'Suicide awareness isn't just one day - it's everyday"
Island's collective effort to mark World Suicide Prevention Day
ManxPACT calls on new MHKs to support mental health issues
Founder writing to election candidates to highlight 'horrendous' problem