Bank of England policymakers are divided over the benefits of pumping more emergency cash into the economy in a bid to stimulate the recovery, documents revealed.
Some members of the Monetary Policy Committee (MPC) questioned the impact that further quantitative easing - also known as money printing - would have on the broader economy, minutes of its October meeting said.
Meanwhile, the committee expects rising energy, utility and agricultural commodity prices to filter through to ramp up the cost of living later in the year.
The nine-strong panel, chaired by Bank governor Sir Mervyn King, voted unanimously in favour of holding interest rates at 0.5% and maintaining QE at £375 billion.
While inflation fell to its lowest level in nearly three years in September, economists have warned gas and electricity price hikes, as well as the impact of US droughts on food prices, will lift the rate of inflation in the months ahead.