SYDNEY, Nov 24 (Reuters) - Australia's top central banker said on Tuesday that lower interest rates were not as stimulatory as they used to be and questioned whether further easing would be the most effective way to aid the economy.
Answering questions after a speech, Reserve Bank of Australia (RBA) Governor Glenn Stevens said he still agreed with the decision in November to keep rates at 2 percent.
The central bank's next policy meeting is on Dec. 1 and markets are pricing in almost no chance of an easing then.
Stevens said he was "more than content" to lower rates again if that was the most effective way to aid the economy, but expressed doubts on whether it would be. Instead, he said a period of stability might be more helpful.