Artificial intelligence in central banking

Key takeaways

• 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.