PubChat at the Central Bank: RBA Rolls out Chatbot to Assist With Economic Analysis

PubChat at the Central Bank: RBA Rolls out Chatbot to Assist With Economic Analysis

The Reserve Bank of Australia (RBA) is rolling out new artificial intelligence tools aimed at improving its economic analysis. Governor Michele Bullock, delivering the Shann Memorial Lecture in Perth on Sept. 3, stressed that while AI would not be making monetary policy decisions, it would help staff process information faster. “To be clear, we are not using AI to formulate or set monetary policy or any other policy,” she said. “Instead, we are …