In a recent International Banker article, journalist Cary Springfield analyzed recent publications from the Bank for International Settlements (BIS) to explore the potential impact of AI on central banking.
The BIS's latest Annual Economic Report, published in June 2024, stated, "AI will affect financial systems as well as productivity, consumption, investment and labour markets, which themselves have direct effects on price and financial stability." Central banks must both anticipate AI's economic impact and integrate AI tools into their operations, the BIS wrote.
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