© Reuters. Bank of England Deputy Governor for Markets and Banking, Dave Ramsden attends a Bank of England news conference, in the City of London

LONDON (Reuters) – Bank of England Deputy Governor Dave Ramsden said the central bank’s bond-buying programme remains its most immediate economic stimulus option and the BoE’s consideration of negative interest rates represented contingency planning.

“My overall take on QE is still that it is a tried and tested tool,” Ramsden said in a speech on Wednesday to the University of Birmingham. “For me it is the marginal monetary policy tool at present.”

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