The Bank of England is expected to hold interest rates at 3.75% at its April meeting, keeping them at the lowest level since February 2023. Rates fell from 4% in December, and further cuts had been expected in 2026, but the economic impact of the war in Iran means the outlook is much less certain. Interest rates affect mortgage, credit card and savings rates for millions of people. An interest rate tells you how much it costs to borrow money, or the reward for saving it. The Bank of England's