Bank of England governor Andrew Bailey has said policymakers are actively reviewing all their options - including taking UK interest rates into negative territory for the first time ever.
Speaking to MPs, the Bank's governor said it would be "foolish" to rule out cutting interest rates below zero to help see the economy through coronavirus.
Bailey, who took over from Mark Carney in March, said the Bank did not rule out any monetary policy action as a "matter of principle", but that it also doesn't rule anything in either.
In a hearing with the Treasury Select Committee, he said the Bank was keeping the outlook for how low UK rates could go - and other monetary policy tools available - under "active review".