New Bank of England governor Mark Carney held off voting for more money printing at his first policy meeting earlier this month, according to minutes from its last monetary policy meeting.
Members voted unanimously to hold quantitative easing at £375 billion, with David Miles and Paul Fisher reversing their call for another £25 billion of asset purchases.
The minutes showed that while some members felt the economy needs another dose of money printing, they are prepared to wait until August, when the Bank will say whether it plans to give forward guidance on monetary policy and tie it to clear milestones such as unemployment figures.
Mr Carney, who replaced Mervyn King this month, made an instant impression on the Monetary Policy Committee after the bank gave a clear signal at the 4 July meeting that rates will remain at their historic low for some time.
It was also the first unanimous policy decision by the committee since October 2012, when policymakers voted to hold QE at £375 billion. Mr King voted for more QE at his last meeting in June.
The minutes showed that the MPC's nine members also voted to keep interest rates at their historic low of 0.5%, where they have been since March 2009.
The bank has been asked by British Chancellor George Osborne to consider introducing forward guidance on economic stimulus and said that while it is weighing this up it was "not sensible to initiate an expansion at this meeting".
However some members still felt further QE was warranted as the pace of domestic recovery was too slow, while there remain significant headwinds from the Government's austerity drive and the battered eurozone and banking sector.