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Artificial intelligence in central banking

Author

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  • Douglas Kiarelly Godoy de Araujo
  • Sebastian Doerr
  • Leonardo Gambacorta
  • Bruno Tissot

Abstract

Central banks have been early adopters of machine learning techniques for statistics, macro analysis, payment systems oversight and supervision, with considerable success. Artificial intelligence brings many opportunities in support of central bank mandates, but also challenges – some general and others specific to central banks. Central bank collaboration, for instance through knowledge-sharing and pooling of expertise, holds great promise in keeping central banks at the vanguard of developments in artificial intelligence.

Suggested Citation

  • Douglas Kiarelly Godoy de Araujo & Sebastian Doerr & Leonardo Gambacorta & Bruno Tissot, 2024. "Artificial intelligence in central banking," BIS Bulletins 84, Bank for International Settlements.
    • Handle: RePEc:bis:bisblt:84
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