Are UK interest rates too high at 5.25 pct?

Are British interest rates too high at 5.25 percent? They do not seem to be
supporting the pound against the euro, which seems to be on its way to 80 pence.
It just makes that French holiday gite much more expensive this summer.
Obviously, the Bank of England is concerned about inflation but lower interest
rates are needed to revive the UK economy. House prices are going down not helped
by lenders tightening their criteria for loans. It looks like the 100 pct mortgage
loan is disappearing fast, which will not help first-time buyers, who are crucial
for the housing market.
The European Central Bank is maintaining rates at 4 percent but expects higher
inflation due to energy prices. Inflation for 2008 should be between 2.6 percent
and 3.2 percent.