2/4  BIS central bankers' speeches  The € billion Next Generation EU recovery fund has the potential to make a significant difference to Europe’s economic trajectory over the next few years. The size of the financial support envisaged is macro-economically meaningful, totalling almost 5% of GDP for the euro area.
While a lot of things have changed at the Reserve Bank over the last 75 years – our functions and responsibilities, and the way we deliver our mandate – certain things have remained the same; in particular, the professionalism and integrity with which the RBI discharges its mandate.