Nabiullina Explains Why Central Bank Uses Artificial Intelligence
Russia’s central bank uses artificial intelligence for routine tasks and initial data analysis, but interest rate decisions remain strictly in human hands.
The statement was made by Central Bank Governor Elvira Nabiullina at a press conference following a board meeting.
“We are indeed trying to use artificial
intelligence where we see clear benefits. Primarily, it serves as an assistant
in routine operations and in analyzing information and data. But when it comes
to monetary policy discussions and decision-making, we do not use it,”
Nabiullina said.
She clarified that AI is involved at the stage of initial data processing, but it is not yet capable of fully replacing specialists.
“In analysis—yes, in certain elements we
use artificial intelligence when primary data processing takes place. But for
now, in our view, artificial intelligence cannot replace professionals,” the
central bank chief added.
As a result, the regulator is maintaining a cautious approach: technology helps speed up work with large volumes of data, but responsibility for key decisions remains with humans.
