Central banks ‘lagging behind’ on tech development – Carstens
Former BIS chief urges monetary authorities to consider their role in agentic AI future
Central banks are failing to keep up with the pace of technological development, the Bank for International Settlements’ former general manager Agustín Carstens has said.
“[Central banks] have been working on the assumption for many years that technological developments move slow, and that they basically take place outside our remit,” Carstens said at a forum in Hong Kong on November 3. He added that over the past 10–15 years, central banks had been “lagging behind” in this area.
Monetary
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