Rangers are in the Europa League last 16 but the defeat at Tynecastle ended their domestic cup hopes and they are 12 points behind Celtic in the league.

Gerrard called Saturday's result the lowest point of his tenure, adding that he had "serious thinking" to do.

But on Tuesday he said: "This is when the club needs me most to stay on."

The former England and Liverpool midfielder added: "If you want to survive at this level you have to bounce back.

"I self-reflect, what I can and need to do better. Saturday was a low and I won't deny that. I will always be honest.

"I am all in. I signed up to something here and I knew there would be real setbacks.

"We are always going to be challenged here. My job is to find solutions that give us long-term success.

"I have to identify why we go from Braga's performance to 72 hours later not doing justice - but that is an exciting challenge for me. I don't fear that challenge."

Despite significant progress in Europe during his 22 months in charge, Gerrard is still searching for his first trophy with Rangers.

Asked if he had considered his position following the weekend loss, the 39-year-old - who is under contract until 2024 - replied: "Long term? No, no. I'm OK, good, ready for the next challenge, which is Hamilton [on Wednesday].

"I have done a real lot of thinking to myself and shared those thoughts with people around me, and I am ready to go again.

"I've had a lot of calls from the board since the weekend and the support for the players, my staff and myself has been incredible."

Striker Alfredo Morelos, Rangers' 29-goal top scorer this season, is back in Gerrard's plans for the league visit of Hamilton Academical on Wednesday after being left out against Hearts as punishment for returning late from a trip home to Colombia.

"It is important we are not stubborn and let it fester," Gerrard said.

"It is important we move on from these situations, it is dealt with strongly - which it has been - and we move forward."