Fact Check: Czech Central Bank Did NOT Announce It Would Use AI To Forecast Inflation Rate
Did the Czech central bank, or CNB, announce at the start of 2025 that it would utilize ChatGPT to forecast inflation rate developments? No, that's not true: The bank did not announce plans to use ChatGPT to forecast inflation. Instead, in early 2025, the CNB published a blog post describing an experiment it conducted testing AI's initial potential for inflation…