AI may lead to inflationary pressures: Bank of Canada

According to the Bank of Canada’s Governor Tiff Macklem, central banks need to be closely attuned to how AI is affecting inflation, both indirectly through overall demand and supply and directly through price-setting behavior.

According to the Bank of Canada’s Governor Tiff Macklem, central banks need to be closely attuned to how AI is affecting inflation, both indirectly through overall demand and supply and directly through price-setting behavior. 

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