Best funds for when interest rates rise. If accurate, this would take the UK Bank Rate to 4.75%, its highest level for 15 years. “To put it in context, the normal interest rate for Europe in the medium term is below 2%. “The market is now firmly pricing in an interest rate rise at the Bank’s June meeting, and then four further hikes, taking us to 5.75%. Despite a recent blip, which saw UK inflation rise in February, the overall trajectory has been downward since it reached 11.1% in October last year.

Source: Forbes July 13, 2023 20:56 UTC