AI opens new possibilities to approach core mandate – Nagel
Bundesbank president says technology enables central banks to deal proactively with stability risks
Artificial intelligence offers new ways to approach central banks’ core mandates, the president of the Deutsche Bundesbank has said.
In a speech on September 9 at the Bank for International Settlements’ innovation summit, Joachim Nagel said generative AI was already broadly available for the German central bank’s staff to use.
He argued that AI enabled central banks to fine-tune monetary policy responses by creating better understanding of the complex relationships between economic variables. It
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