A new RBA survey of 9,000 Australians found only one in four correctly knew that rate rises lower prices.
Why it mattersIf most Australians misunderstand how rate rises work, the RBA's inflation fight becomes harder as people expect prices to keep rising.
Free. Start reading in seconds, no signup needed.
Get the free app, read the whole feed
InSnip is the day's best stories, source-backed and read in under a minute. Get your free daily drop and never miss what matters.