AI Adoption Threatens Inflation
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central bankersReuters
•Bank of Canada: AI could boost inflationary pressures in short-term
79% Informative
Bank of Canada Governor Tiff Macklem says adoption of artificial intelligence by businesses could add to price pressures in the short term.
Macklem said the BoC was already using AI to forecast inflation, track economic sentiment, verify data and improve efficiency.
The Bank for International Settlements ( BIS ) said in June that central banks should embrace AI 's benefits but should not allow it to replace humans.
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