SYDNEY, Feb 24 (Reuters) - Reserve Bank of Australia governor Philip Lowe said on Friday that there were more effective ways of stimulating demand in the economy than cutting rates.
Since taking over the reins at the RBA in September, Lowe has repeatedly emphasised the limits to monetary policy and earlier this week said further cuts in interest rates would not be in the national interest. RBA has kept interest rates at a record low 1.50 percent after last easing in August. Lowe was speaking before a parliamentary economics committee.