Bank of England Interest Rates rose for the third time in six months in January 2007 with the base rate now standing at 5.25%. However recent increases in inflation figures have caused the bank to warn that further increases amay be likely soon although experts view the recent split decision to be an indication of some uncertainty as to make a further rise to 5.5% as early as February 2007. There are thoughts that rates could still be increased further due to strong retail figures and recent weakness of the dollar. Other factors that point to more changes are reports from 2 of the big building societies that the growth in the housing market at the start of the year have slowed somewhat. The Bank of England Monetary Policy Committee seems frequently split at the moment with a unanimous concensus on what should happen to rates a common outcome.