Two members of the Bank of England's Monetary Policy Committee voted against consensus and wanted to hike rates this month, when policymakers left the cost of borrowing unchanged.
Minutes to the MPC's March 9th-10th meeting today revealed that 7 members voted to leave rates at 4.75 per cent while two wanted a 25 basis point increase.
For most members the position had changed little since the February meeting and the two key risks discussed then had neither crystallised nor clearly diminished.
For most members "the balance of risks the balance of risks to the inflation forecast remained sufficiently to the downside in the near-term to justify maintaining the bank's repo rate at its current level".
Most members thought the committee could afford to wait for more evidence but "some members continued to think that a rise in interest rates might be warranted in due course if the economy evolved in line with the February inflation report central projection."
The MPC left rates on hold for the seventh month at its March meeting. But analysts are increasingly taking the view that the central bank will have to hike again by June.
Those who wanted a rate rise in March argued "a modest rise in interest rates now would help to pre-empt inflationary pressures and an increase in interest rates would not be a major surprise."