The pervasive adjustments forced by these two structural changes, together with the legacy of the pandemic, which is still threatening our countries, are pushing the global economy into 1/3  BIS central bankers' speeches  uncharted territories.
While the interest rate will be 0 percent and funds will be provided for one year, 4/6  BIS central bankers' speeches  rollovers can be made until the end of March 2031, which is the end of the implementation period. The Bank will work out the details through an exchange of opinions with financial institutions and will likely start its fund-provisioning within 2021.