Artificial intelligence
AI impact and usage growing in central bank economics departments
Regional variation exists, but adoption is increasing across the board
Sarb governor outlines cautious stance on technological change
Kganyago sets out opportunities and risks of AI and stablecoins as Sarb marks 105th anniversary
LLMs can analyse news articles to spot stability risks – ECB study
Authors use AI to find trigger events in dataset of over 1 million stories
CNB to create dedicated department to implement AI
Bank builds self-hosted capabilities to ensure data safety, with plans for hybrid solution
BoJ holds as yen and won both rise on suspected interventions
Japan’s central bank more hawkish than at previous meetings as it keeps rates at 1%
Monetary policy missteps more likely amid AI boom – BIS study
Authors warn uncertainty over new technology leaves traditional benchmarks vulnerable
Frontier AI poses new cyber risks – BIS study
National and international co-operation needed to tackle increased threat
Central banks’ AI policies must ‘catch up’ with times – Adrian
IMF markets head says institutions should act now as future instability may be ‘harder to manage’
South Africa surprises by holding at 7%
MPC split over how to tackle high inflation and weak growth
Asia-Pacific central banks say AI risks require ‘vigilance, agility’
MAS and BoT also sign anti-fraud MoU on sidelines of meeting involving 11 monetary authorities
Supervision Benchmarks 2026 report – AI and data
Benchmarks highlight sharp rise in AI use as well as continued improvements to data handling
Software may contain bugs for private credit – BIS paper
Bulletin says disruption from AI could cause outage for lenders heavily invested in sector
Unclear whether AI will reduce or heighten inequality – Barr
Fed governor’s caution contrasts with Warsh’s more bullish stance
Race for investment could turn AI boom into bust – BIS study
Paper warns of fragility through overcommitment and circular financing
BoK hikes rates and signals further tightening
Bank announces first rise in more than three years as Shin says growth and inflation will remain elevated
Fed will ‘follow the law’ and ‘the data’ – Warsh
Chair tells Congress his aim is to keep US central bank out of politics
US inflation and monetary policy at ‘crossroads’ – Waller
Fed governor says FOMC must be ready to prevent repeat of post-Covid inflation
BoK sees AI boom continuing
Central bank dismisses concerns that semiconductor business cycle has peaked
Data quality is main focus for improved supervisory reporting
Supervisors with high level of automation rate submissions more highly, but quality still an issue
Rajan, King and Stein to head Warsh’s Fed task forces
Former governors among experts asked to help ‘advance the cause’ of US monetary policy
ECB tells banks to plan for AI-related collapse in cyber defences
European Systemic Risk Board warns response times have narrowed from days to minutes