{"id":899991,"date":"2026-09-21T11:06:15","date_gmt":"2026-09-21T11:06:15","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/899991\/"},"modified":"2026-09-21T11:06:15","modified_gmt":"2026-09-21T11:06:15","slug":"ai-gains-distribution-will-shape-inflation-ecbs-panetta-says","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/899991\/","title":{"rendered":"AI gains&#8217; distribution will shape inflation, ECB&#8217;s Panetta says"},"content":{"rendered":"<p>MILAN, Sept 21 : Central banks need to understand who benefits from artificial intelligence-driven gains, as their distribution will help shape aggregate demand and inflation, European Central Bank Governing Council member Fabio Panetta said on Monday.<\/p>\n<p>\u2022 AI is set to transform productivity and growth, labour and financial markets, and payment systems, Panetta said.<\/p>\n<p>\u2022 If AI mainly creates new tasks and raises expected labour income, demand could increase before AI&#8217;s full productivity benefits materialise, prolonging inflationary pressures, he added.<\/p>\n<p>\u2022 Panetta, who is also governor of the Bank of Italy, was speaking at an event hosted by the National Bank of Ukraine.<\/p>\n<p>\u2022 Credibility is an essential asset of every central bank, but how it is built and preserved depends on the nature of the challenges faced, he said.<\/p>\n<p>\u2022 Central banks cannot remain on the sidelines, Panetta said, adding that understanding changes underway is increasingly essential to central bank credibility.<\/p>\n<p>\u2022 According to Panetta, if automation dominates, weaker consumption could cause the disinflationary effects of AI to emerge sooner.<\/p>\n","protected":false},"excerpt":{"rendered":"MILAN, Sept 21 : Central banks need to understand who benefits from artificial intelligence-driven gains, as their distribution&hellip;\n","protected":false},"author":2,"featured_media":899992,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164],"class_list":["post-899991","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/899991","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=899991"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/899991\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/899992"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=899991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=899991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=899991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}