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BIS Annual Economic Report devotes a chapter to AI and central banks

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Source: Bank for International Settlements

The Bank for International Settlements published its 2024 Annual Economic Report on 30 June 2024 with a chapter titled “Artificial intelligence and the economy: implications for central banks”. It says AI can cut costs in compliance, fraud detection and credit scoring, and warns of reliance on a few AI providers, cyber attacks, bias in lending and herding when many firms use similar models. It calls on central banks to build data and AI capability and share tools through a community of practice.

Why it matters

Central banks were told by their own bank that AI affects both their price and financial stability mandates and their daily operations, and that they need in-house data and AI skills.

When
30 Jun 2024
ID
WTA-N-2024-0106
Who
Bank for International Settlements

Summary by wheresthe.ai, from Bank for International Settlements. Checked against the source on 9 Oct 2026.

Read the original at Bank for International Settlements

Source copy: download the page as saved on 18 Oct 2026 (PDF). Also held by the Internet Archive.

Next stop on this Storyline: Led toFSB names four AI vulnerabilities that could raise systemic financial risk

Cite this story

WTA-N-2024-0106: “BIS Annual Economic Report devotes a chapter to AI and central banks.” wheresthe.ai, 30 Jun 2024. https://wheresthe.ai/d/intl-bis-annual-report-ai-central-banks-2024-06/ (source: Bank for International Settlements).

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