BoB warns banks

Banks violated BoB mandate by hiking rates without its consent BoB moves to crack whip, maintains the borrowing rate at 1.9% Tough times as borrowers fail to service extra expensive loans BAKANG TIRO editors@thepatriot.co.bw The Bank of Botswana’s (BoB) Monetary Policy Committee (MPC) has cautioned the banks that they flouted regulatory framework by increasing borrowing…