HomeArtificial IntelligenceCentral banks must prepare for profound impact of AI, BIS says

Central banks must prepare for profound impact of AI, BIS says

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In its first major report about the rapidly advancing world of AI Bank for International Settlements (BIS)has said, policymakers need to harness its immense power to monitor data in real time to “sharpen” their inflation-predicting abilities. A former Swedish central banker said, “We like to hold humans accountable.”

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