If you do enter the market, be careful not to over extend yourself with too high a bond as the interest rate could climb even higher before coming down again. If you rely on the interest income from your cash investments, take advantage of the high rates. A good option is a linked type of deposit, which offers a higher interest rate when the prime rate goes up, but fixes the minimum rate at the level at which you signed up. When interest rates go up the stock market usually comes down in value, because investors can earn higher interest from cash. But don't switch into gilts or income funds too hastily - be aware of all the financial implications and the risks.
Equities are a long-term investment.