England lost a second successive European Championship final as Spain triumphed 2-1 in Berlin thanks to Mikel Oyarzabal’s late winner.
Despite their run to the showpiece match, Southgate has faced criticism through the tournament and his future is sure to come under scrutiny.
He said on ITV: “I don’t think now is a good time to make a decision like that.
“I’m going to talk to the right people and, yeah, it’s just not for now.
“I think England are in a really good position in terms of the experiences they’ve got now, the age of the squad.
“Most of this squad are going to be around not just for the World Cup but the next Euros as well.
“There’s a lot to look forward to but at this moment that’s not any consolation.”
England were outplayed by Spain, who won every game in the tournament, but hopes were briefly raised when Cole Palmer cancelled out Nico Williams’ opener, only for Spain to regain control and win it late on through Oyarzabal.
Southgate added on BBC One: “We have competed until the very end of the final.
“Today we didn’t keep possession of the ball quite well enough, especially when we had defended well.
“When they press you really well, you have got to get out of that pressure and we were not able to do that.
“In the end, that meant they had more control of the game and that can wear you down a bit.
“That said, we were still right in there when we got the equaliser, the game was still wide open, and we had a big chance at the end.
“As always in these games, it is fine margins, but I think there were the better team.”
Skipper Harry Kane, whose wait for a first career trophy goes on, was replaced on the hour to cap a disappointing tournament – even though he shares the Golden Boot on three goals.
Southgate admitted the Bayern Munich striker “has not quite reached the level we all would have hoped for” throughout the tournament.
“Physically it has been tough for him,” Southgate added. “He came into the tournament short on games and has not quite reached the level we all would have hoped.
“The games are hugely demanding and we thought Ollie’s freshness would allow us to press better and offer a press in behind.
“I thought the substitutes came on and did what we asked them to do.”
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