Lesson 5 of 5

What the framework means for a lender: currency, rates and liquidity

The monetary framework decides which interest rates a lender's funding and loans follow, how much currency risk can build up on its balance sheet and where liquidity would come from under stress. This lesson draws the threads together: how a policy rate change passes through to lending rates, how to measure an open currency position, and how a liquidity buffer is tested currency by currency.

Published 16 October 2026