Base rate now stands at 5.25%
There's more misery for local home owners with variable or tracker mortgages or those looking to secure new fixed rate deals.
It follows today's rise in the base rate to 5.25 per cent.
Charges are also set to increase for some loans and credit cards that don't offer fixed interest charges.
In contrast savers will benefit from the rise.
Business confidence cools as costs climb and demand outlook weakens, survey finds
Rising labour and energy expenses dominate concerns, while optimism around future demand and profitability remains muted
Treasury eyes tougher immigration rules to tackle 'risks' facing system
Higher pay requirements and stricter dependant policies to be reviewed by Council of Ministers
MHKs challenge MiCard scrap after constitutent dissatisfaction
Claims of 'pressure selling' and a political 'scramble' emerge
Neonatal Care Leave 'would have been invaluable to us as a family'
Government is proposing legislation to allow up to 12 weeks of extra parental leave to those eligible
