The Bank of England has raised interest rates further in what will be a blow to some borrowers in Northern Ireland, although others will see no immediate impact.
This is the 12th time since 2021 that the BoE has raised interest rates with the base rate increasing from 4.25% to 4.5%, the highest level since 2008.
The Bank has been hiking interest rates since December 2021 as part of plans to lower inflation, but today warned that it may take longer than expected to bring inflation down in the long-term.
