interest rates rise

Rate hike hits mortgage borrowers

More than 100,000 homeowners will be hit with a huge increase in their mortgage payments after the Bank of Ireland and Bristol & West both raised their standard variable rate (SVR) from 2.99 per cent to 4.49 per cent.

Are interest rates set to rise?

This Thursday, the Monetary Policy Committee (MPC) will issue its latest interest rate decision and as inflationary pressures mount, it is under increasing pressure to raise rates.