Artificial intelligence in central banking

BIS Bulletin  |  No 84  | 
23 January 2024

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.