Bank of Russia uses AI technologies for analysis
The Bank of Russia is using artificial intelligence (AI) technologies for data analysis, but human professionals make decisions on monetary policy, according to Central Bank chief Elvira Nabiullina. AI is used as an auxiliary tool in routine operations and primary data analysis.
The Bank of Russia is utilizing artificial intelligence (AI) as an auxiliary tool in routine operations and data analysis. Central Bank chief Elvira Nabiullina stated this at a press conference after the Board meeting. AI is used in the primary data analysis stage, but human professionals make decisions on monetary policy. Nabiullina emphasized that AI cannot replace professionals in this sphere. The Bank of Russia is using AI where it sees an effect, primarily as an assistant in data analysis.
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