CBN retains monetary policy rate at 27%

•16 banks cross new capital threshold  •Recovers N2trn intervention fundsEmeka Anaeto, Business Editor & Emma Ujah,  Abuja Bureau ChiefThe Central Bank of Nigeria (CBN) yesterday retained the Monetary Policy Rate (MPR) at 27 per cent citing the need to allow previous reduction to sufficiently transmit to the economy.Meanwhile the apex bank disclosed that 16 banks have met the new minimum capital requirements, adding   that 27 had raised capital.