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Personal finance

UK interest rates rise to 5% – what it means for stock markets, mortgages and annuities

Today the Bank of England raised the interest rate to 5%. Here’s how the markets reacted so far, and what it could mean for your mortgage and annuity rates.

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 1 year 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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Article history
Published: 22nd June 2023