Based on cash rate increases to date. Projections incorporate the observed gap between cash rate increases and increases to variable loan rates.
Going forward at the national level, the BCL has seen the need to incorporate these ratios into its current risk-based liquidity surveillance framework which relies on a combination of qualitative and quantitative elements. In addition, regular on-site visits and continuous off-site monitoring are currently combined with a five day forward-looking liquidity reporting by banks.