Central Banks Encouraged to Leverage AI in Refining Inflation Prediction Strategies

Empowering Central Banks with Advanced AI Technology

Enhancing Inflation Prediction Models through AI

The BIS report emphasizes the importance of utilizing AI to strengthen inflation forecasts. This strategic integration of technology can significantly improve forecasting accuracy.

• AI can enable central banks to enhance their forecasting models
• This approach facilitates more informed monetary policy decisions

By leveraging AI, central banks can take a proactive stance, ensuring more accurate and efficient inflation predictions.