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:
Queues at pumps as diesel prices increase across Island
Average of 185.9p per litre - a 50p rise
Support to help customers access driver and vehicle services
Services transitioning online from 1 April
Island petrol station confirms diesel to increase by 50p per litre
One outlet's confirmed the price will jump after a top of supplies later
Will the Isle of Man adopt 'Jess's Rule'?
MHK to ask about diagnosis initiative after hearing of 'heartbreaking' case on Island
Interim census 'important for business as well as government'
It's on Sunday 26 April