AI adoption still limited among central bank economists

High income countries report slightly higher impact but most say practical use of AI is minimal

Most respondents to the Economics Benchmarks 2023 say the use of artificial intelligence (AI) is still limited in their departments.

Across the 32 respondents to this question, central banks report an average score of 1.9 out of five, where one is the least impact from AI and five is the most.

Many respondents say AI – and its subcategory, machine learning – is being deployed but only tentatively, for small tasks or minor research projects.

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