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The Conversation

Isaac Gross, Lecturer in Economics, Monash University

High interest rates are not bad news for everyone. Just ask savers, importers and Australians heading overseas

Interest Rates Australia Australian Dollar Reserve Bank

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It is a universally acknowledged truth that interest-rate rises are always a bad thing for the average Australian household.

They are just a punitive form of economic medicine we have to take from time to time, on the say-so of the Reserve Bank of Australia - but nobody enjoys it. Except perhaps the sadistic central bankers.

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