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BIS Warns of New Risks, Costs and Coordination Needs in AI Adoption by Central Banks

BIS Warns of New Risks, Costs and Coordination Needs in AI Adoption by Central Banks

By David Barwick – FRANKFURT (Econostream) – The Bank for International Settlements on Friday said central banks face major challenges in adopting artificial intelligence, including high costs, cyber vulnerabilities, data governance risks and the need for stronger cooperation to manage technology dependence and talent shortages.

10 October 2025
ECB Insight: Pereira’s ‘No Dove’ Claim Is More Optics Than Doctrine

ECB Insight: Pereira’s ‘No Dove’ Claim Is More Optics Than Doctrine

By David Barwick – FRANKFURT (Econostream) – Incoming European Central Bank Governing Council member Álvaro Santos Pereira’s insistence that he is “definitely not a dove” invites a natural question: if not a dove, then what? The answer, at least for now, is that the new Banco de Portugal governor’s self-characterization looks more rhetorical than substantive — a positioning move rather than a signal of hawkish conviction.

9 October 2025
ECB’s Cipollone: Digital Euro Will Complement Cash, Not Replace It

ECB’s Cipollone: Digital Euro Will Complement Cash, Not Replace It

By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Piero Cipollone said the ECB’s goal in developing a digital euro was to preserve citizens’ freedom to pay with public money in a digital form, not to eliminate cash.

9 October 2025
ECB’s Lagarde: “Europe Cannot Remain a Passive Safe Haven”

ECB’s Lagarde: “Europe Cannot Remain a Passive Safe Haven”

By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Tuesday urged Europe to strengthen the international role of the euro, arguing that the bloc must move beyond being a “passive safe haven” and build the conditions for the single currency to become a true global force.

7 October 2025
ECB’s Lagarde: Disinflationary Process Is Over

ECB’s Lagarde: Disinflationary Process Is Over

By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Monday said that the euro area’s disinflationary phase had ended, with inflation around 2% and expected to remain near that level.

6 October 2025