High interest rates are not bad news for everyone. Just ask savers, importers and Australians heading overseas
- Written by Isaac Gross, Lecturer in Economics, Monash University

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.
And this is...