Interest rates to rise despite RBA

first_imgExperts predict interest rate rises despite the Reserve Bank of Australia (RBA) decision. Photo: Joel Carrett.THE majority of experts in a recent survey believe financiers will increase their loan rates independent of the Reserve Bank of Australia (RBA).Ninety per cent of the 38 experts and economists surveyed by comparison website expect banks to up their loan rates.This is despite the Reserve Bank opting this week to keep the cash rate on hold at 1.5 per cent.When the RBA do eventually move on the cash rate, 68 per cent of those surveyed expect them to rise, with the majority believing the shift won’t come until August or November this year.REA Group chief economist Nerida Conisbee said banks and other financial institutions were expected to continue to increase rates partly because of increased wholesale costs and partly because of APRA pressures.“They will be pretty cautious about raising them but they will raise them independent of the Reserve Bank.” insights manager at, Graham Cooke, said future hikes mean first home buyers need to be careful.More from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020“With banks likely to lift mortgage rates out-of-cycle, the onus is on first home buyers to factor in potential rate rises to their budgets,” Mr Cooke said.“Generally, mortgage holders should account for two to three per cent on top of their current repayments to avoid rate shock.”Mr Cooke said there was an expectation the gap between the number of first homebuyer and non-first homebuyer loans will continue to widen.“This trend indicates that the market is running away from first-time buyers, as many young couples may be forced to look to the city outskirts to purchase their first home,” he said.Independent economist Saul Eslake said economic data released over the past month would have given the RBA confidence to keep rates on hold in March.“And comments by Phil Lowe over the past month clearly indicate that he has little appetite for further reductions in interest rates, in the absence of a significant negative economic shock,” Mr Eslake said.last_img read more

Edith M. Reed

first_imgEdith M. Reed of Sunman was born on February 26, 1948 in Batesville, the daughter of Edward John and Helen Marie Bowman Reed.  She worked at Margaret Mary Hospital in Batesville and later, Woodland Hills Nursing Home in Lawrenceburg.  Edith loved attending church festivals and playing bingo.  On May 24, 2016, at the age of 68, she passed away at the Waters of Batesville. Those surviving who will cherish Edith’s memory include her sisters, Karen Reed, Sharon Campbell and Rosemary Reed, all of Sunman, and Janice (Jack) Kosidlo of Cambria, PA; brother, Richard Reed of Weisburg, and several nieces, nephews and great nieces.  Besides her parents, she was preceded in death by a brother, Edward John Reed, Jr., and sister-in-law, Della Reed. Friends may visit with the family on Tuesday, May 31, 2016 from 10 a.m. to 12 p.m. at Cook Rosenberger Funeral Home, 107 Vine Street, Sunman.  Funeral services will begin at 12 p.m. and burial will follow in All Saints Cemetery-New Alsace Campus.center_img Memorial contributions may be directed to the family to assist with expenses.  To sign the online guestbook or to leave a personal condolence, please visit  Cook Rosenberger Funeral Home and its staff are honored to care for the family of Edith M. Reed.last_img read more

Wood-Mizer seeks additional Batesville property

first_imgBatesville, In.— Batesville Area Planning Commission has recommended approval by city council of rezoning a 10 acre plot near Wood-Mizer. Wood-Mizer has quickly occupied the 79,000 square-foot facility that was built in 2015 and is looking for long-term expansion options.The land is being purchased from the Leila M. Kelly Special Trust.Wood-Mizer is a worldwide company based in Indiana with branch offices in 5 continents and 100 distributors. The company produces products to increase profitability and promote sustainability in the timber industry.The sale of the land has not closed.last_img read more

Official: FC Copenhagen agree deal with Leicester for the transfer of Daniel Amartey

first_imgDanish club FC Copenhagen have confirmed they have reached an agreement with Leicester for the transfer of Ghanaian Daniel Amartey.The former Inter Allies defender who can also be employed in midfield was heavily linked with a move to the Premier League side and the deal is now reaching completion”FC Copenhagen have reached an agreement with the English Premier League club, Leicester City FC, for the transfer of the Ghanaian midfielder, Daniel Amartey,” read a statement from the Danish club.”This transfer is of a size where we could not say no because, overall, it is the best for FC Copenhagen.”We have been pleased to have Daniel with us, but it’s part of our strategy as a club and business that we want to develop players to a level where they become so attractive that clubs in the big leagues will buy them for large sums.”Should the deal be completed, Amartey will become Claudio Ranieri’s second January signing after the arrival of Demarai Gray from Birmingham City. WHO IS DANIEL AMARTEY?Joy Sports put together a video profile of the 21 year old through the eyes of a man who knows him well. Delali Senaye, CEO of Inter Allies FC, a Ghanaian Premier League side, was key in the new Leicester man’s development.Gary Al-Smith  had an interview with him on the Joy News channel. Click here to watch.– Follow Joy Sports on Twitter: @Joy997FM. Our hashtag is #JoySportslast_img read more

Wellington Rec Rap: March 18 – April 8… includes information about John Michael Montgomery concert

first_imgComing up  April 1st-8th…Mosaic Magic, an art class for adults will be held at the Elsass Art Center, Monday and Tuesday, April 1st-2nd. A Paintball Trip is planned for Saturday, April 6th for 6th-12th graders. Bus leaves from the WRC at 12:15 pm and returns at 5:30 pm. New Leagues! Cal Ripken Baseball and Babe Ruth Softball are offering Open Leagues this spring for the first time for those who wish to play at a more competitive level. Register by Friday, March 29th. Please call the WRC at 326-3323 and  talk to Tanner for more information. Kidz Cupcakez will be held Monday, Mar. 25th from 4-5 pm at the Recreation Center, for 3-6 year olds. Youth Soccer for 1st-8th graders begins Monday, April 8th at Worden Park. Games are on Mondays and Thursdays. Registration is still open with a late fee. Instructional Soccer for 5 year olds- Kindergarten takes place on Saturdays, April 6th-27th. Easter Eggcellent Hunt; Thursday, Mar. 28th from 8-9 pm at Melody Bowl, for families. Register for the Recreational League of Cal Ripken Baseball and Babe Ruth Softball by 5:00 pm on Friday, March 29th, to bypass a late fee. Divisions include 9 & 10 year olds and 11 & 12 year olds. Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comments Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. There are no comments posted yet. Be the first one! Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new comments Sign up for Swim Team Stroke Refinement through the WRC. This pre-season training begins Sunday, March 24th-May 5th, (excluding Easter, March 31st) at the SW College Indoor Aquatic Center. by Tracy McCue, Sumner Newscow — The following is the Wellington Rec Rap for March 18 – April 8.Get your tickets to see John Michael Montgomery in concert at the Grand Re-Opening of Memorial Auditorium on Friday, April 5th! General Admission and  Reserved Tickets are available at the Rec Center and the Chamber office.Join March Madness at the Fitness Center.  FC Members may sign in 12 or more times (while exercising at the FC) through March 31st.  A drawing will be held on the 31st for a 3 month single Membership. The 4th session of Goju-Ryu Karate will be held at the WRC Tuesdays and Saturdays, April 2nd-30th. Celebrate Spring Break all week!  All 4th-12th graders can come to the Memorial Auditorium for Spring Break Open Gym, March 18th-22nd.  Play basketball, Wii, Xbox and other games from 1-4 pm each day.last_img read more