Reported 9 months ago
On June 26, 2024, the Bank for International Settlements (BIS) recommended in its latest report that central banks around the world should leverage the advantages of artificial intelligence (AI) to assist in predicting economic and financial market trends. While AI should aid in analyzing data, the report emphasized that AI technology should not replace human judgment when formulating interest rate policies. The BIS report highlighted the significant impact AI will have on financial systems, labor markets, productivity, and economic growth.
Source: YAHOO