The Bank of England's chief economist has said it must act "promptly as well as muscularly" to counteract the effects of Britain's vote to leave the European Union.
In a speech delivered a week after the EU referendum, Andy Haldane said that Threadneedle Street should ease monetary policy to protect the economy and jobs.
He added that the central bank must create a potent package of monetary policy tools ahead of the next rate-setting meeting on 4 August.
The speech was made two weeks before rate-setters surprised markets by failing to cut interest rates below the record low 0.5 per cent yesterday.
"Given the scale of insurance required, a package of mutually-complementary monetary policy easing measures is likely to be necessary," he said.
"And this monetary response, if it is to buttress expectations and confidence, needs I think to be delivered promptly as well as muscularly."
"By promptly I mean next month, when the precise size and extent of the necessary stimulatory measures can be determined as part of the August Inflation Report round."