Interest rates being offered to pharmacists for business loans have risen, despite the official Federal Reserve Bank of Australia (RBA) rate falling, a pharmacy owner reveals.
Supporting reports by Si Banks, Pharmacy Guild of Australia NSW branch president, that interest charges on loans to pharmacists had risen 1.5 per cent as a result of Australian Greens Senator Richard di Natale’s call for a Senate inquiry, a community pharmacist told Pharmacy News, his five-year fixed-rate loan was up .25 per cent on his previous deal, while the RBA rate had dropped by two per cent between 2006 and 2011.
“My current five-year offer has just expired and in Nov 2006 the RBA rate was 6.25 per cent and my business loan was...
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