LONDON (Reuters) - The Bank of England's Monetary Policy Committee split three ways in November, with seven members backing a £25 billion boost to the economy, one wanting more and another calling for no increase at all.

Minutes of the November 4-5 meeting published on Wednesday also showed the MPC discussed cutting the remuneration rate the BoE pays on a proportion of commercial bank reserves to encourage lending, saying it could be an option for the future.

Short sterling futures leapt, while the pound fell more than half a cent against the dollar as the tenor of the MPC debate kept alive the possibility of more stimulus to the recession-hit economy. The BoE's decision earlier this month to increase asset purchases by £25 billion ($42 billion) — half the boost agreed in August — was widely interpreted as a signal its quantitative easing effort was being wound down.

But last Wednesday, Bank Governor Mervyn King said policymakers were "completely open-minded" on whether further stimulus would be needed.

Yesterday's minutes, which revived the debate over a reserves cut but showed less support for a bigger QE boost than some anticipated, did little to clarify the outlook.

"I was hoping the minutes would lift some of the uncertainties surrounding the Inflation Report projections. At first glance that hasn't happened," said Philip Shaw, chief economist at Investec.