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.
Support available after sudden death of student
The school's head teacher has written to parents and guardians
Friday sailings at risk
Forecast adverse weather to blame
Manx Care to reorganise cancelled board meeting
September meeting called off due to guidance issued ahead of election
Slight increase in number registered unemployed
324 Manx residents looking for work in August