Artificial intelligence
BoJ says 2% inflation target has been met as it holds policy
Pause comes as central bank speeds up timeframe for ETF selloff from 112 years to 43
OpenAI's models the most popular among central banks – BIS
Survey finds widespread adoption of technology, though concerns remain over cyber security and privacy
BoE survey finds UK financial firms shifting to GenAI
Respondents expect systemic risk to increase as tech becomes more widespread
Iberian central banks sign MoU to tackle quantum computing risks
Bank of Portugal and Bank of Spain to co-operate on post-quantum cryptography
RBNZ chief economist values greater freedom to share policy views
Paul Conway also says central bank flexible about potential mandate change
PBoC considering making overnight rate its benchmark
Governor says rate already ‘benchmark-like’ as he unveils onshore FX pilot and other measures
Banrep paper proposes LLM-driven forecast method
Sequential design enables economists to study ‘information environment’
Georgieva: love it, hate it or fear it, AI is here
IMF MD’s ambivalence contrasts with Macklem’s cautious optimism and Anthropic policy chief’s bullishness
Dan Katz on the IMF’s role amid a fracturing economic system
The first deputy managing director speaks about the fund’s efforts in technical assistance, central bank guidance, debt workouts and surveillance in a system beset by fiscal imbalances, geopolitical fissures and digital disruption
Little evidence of second-round inflation in UK – Bailey
BoE governor says economy more resilient than expected, amid signs of AI investment
Singapore surprises with pause in tightening cycle
MAS says decision made against backdrop of rising inflation, but expects price growth to slow next year
Young people less likely to be hired in age of AI – BdF blog
Technology’s impact less pronounced among older workers, as French firms opt to retain senior staff
FSB outlines principles to guide regulatory ‘modernisation’
‘We have not seen people implement our recommendations and then move back,’ says John Schindler
Hammack: explaining Fed moves is accountability via transparency
Cleveland Fed CEO says setting out the reaction function is not the same as forward guidance
BoK to review use of dot plot it debuted this year – Shin
Governor aims to find forward guidance ‘sweet spot’ and says any review will wait until at least next year
Softer expectations needed for AI-led growth – BIS paper
Large-scale automation could weaken profit incentive that drove technological progress, economist says
AI, debt and cyber risk threaten financial stability – IMF
Combination of risks ‘may have much broader systemic implications’, says institution’s Vamvakidis
Resilience is watchword in IMF’s World Economic Report
Tenreyro says sources of oil, trade and tech inputs should be diversified if economies are to withstand shocks
Monetary policy must be more agile during AI transition – study
Bank of Italy paper says inflationary developments offer more reliable guide than long-term r*
FSB warns global stablecoins remain untested in crisis
Complex cross-border regulatory structures have emerged, body says
GFTN’s Maha El Dimachki on the tech forces facing central banks
Tokenisation, AI and quantum are converging as global financial corridors evolve