Differences over the risks to Britain's economy surfaced this month among the Bank of England officials who have voted to keep interest rates on hold, complicating the outlook for monetary policy.
Minutes of the Monetary Policy Committee's November 5-6 meeting were published today.
They showed its members voted 7-2 for the fourth month in a row to maintain rates at their record low 0.5%, where they have been since early 2009 when the financial crisis was raging.
But there was a "material spread of views" among the majority, the minutes said.
Some of the seven thought there was a risk that economic growth and inflation might undershoot forecasts and leave Britain's economy vulnerable to shocks if rates rose too soon.
But others emphasised a risk that spare capacity could be used up more quickly than the Bank's latest forecasts show.
"Individual members ascribed materially different probabilities to these risks," the minutes said.
The tone of the report suggested some top Bank of England officials were less sure of the need to keep interest rates on hold going into 2015 than had seemed the case last week, when the bank said inflation might fall below 1% soon.
Then, it forecast price growth would probably hit the bank's 2% target in about three years' time.
Bank of England Governor Mark Carney suggested last week that markets were right to rule out an interest rate hike any time soon.
Ian McCafferty and Martin Weale, who have voted for a rate hike since August, again said below-target inflation was largely the result of a stronger pound and lower raw materials prices.
Figures this week showed UK inflation edged up to 1.3% in October, still well below the Bank of England's 2% target. Wage growth exceeded inflation in September but only very slightly.
Bank of England chief economist Andy Haldane said this week he is watching "like a dove" for signs that expectations of very low inflation in Britain could become entrenched.
