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Reuters

Reuters

Bank of Canada: AI could boost inflationary pressures in short-term

Reuters
Summary
Nutrition label

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.

VR Score

90

Informative language

96

Neutral language

59

Article tone

formal

Language

English

Language complexity

57

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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