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Personal finance

UK interest rates – what’s next and are they high enough to cool inflation?

How long do interest rate changes take to work and why aren’t they working yet? Here’s a deep dive into what’s happened so far and where UK interest rates could go next in 2023.

Important information - This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.

This article is more than 6 months old

It was correct at the time of publishing. Our views and any references to tax, investment, and pension rules may have changed since then.

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Written by
Kathleen Brooks
Kathleen Brooks
Founder of Minerva Analysis

Kathleen Brooks is the Founder of Minerva Analysis, a market analysis company. An industry expert with over 10-years experience working for retail trading providers in the City of London, she is routinely quoted by the world's top financial press including the Financial Times and Wall Street Journal.

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Article history
Published: 30th June 2023