00:00Artificial intelligence is set to transform productivity and growth, change labor market and firms, and redefine financial markets and payment
00:10systems.
00:11Central banks cannot remain on the sidelines.
00:15Our economic models, supervisory tools, and payment infrastructures were primarily designed for a different technological environment.
00:25We need to understand the changes underway, disentangle structural shifts from temporary effects, and adapt our instruments accordingly.
00:37This is increasingly part of what central bank credibility requires.
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