{"id":631283,"date":"2026-09-21T10:00:11","date_gmt":"2026-09-21T10:00:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/631283\/"},"modified":"2026-09-21T10:00:11","modified_gmt":"2026-09-21T10:00:11","slug":"ai-gains-distribution-will-shape-inflation-ecbs-panetta-says","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/631283\/","title":{"rendered":"AI gains&#8217; distribution will shape inflation, ECB&#8217;s Panetta says"},"content":{"rendered":"<p>MILAN, Sept 21 (Reuters) &#8211; \u2060Central banks need to understand who \u2060benefits from artificial intelligence-driven gains, as their \u200cdistribution will help shape aggregate demand and inflation, European Central Bank Governing Council member Fabio Panetta said on \u200bMonday.<\/p>\n<p>\u2022 AI is set to \u2060transform productivity and \u2060growth, labour and financial markets, and payment systems, \u2060Panetta said.<\/p>\n<p>\u2022 \u200cIf AI mainly creates new tasks and raises expected labour income, \u2060demand could increase before AI&#8217;s full productivity \u200bbenefits materialise, \u200cprolonging inflationary pressures, he added.<\/p>\n<p>\u2022 Panetta, who \u2060is also \u200bgovernor of the Bank of Italy, was speaking at an event hosted by the National \u2060Bank of Ukraine.<\/p>\n<p>\u2022 Credibility is \u200ban essential asset of every central bank, but how it is built and preserved depends on \u2060the 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 \u200bis increasingly essential to \u2060central bank credibility.<\/p>\n<p>\u2022 According to Panetta, if automation \u200bdominates, weaker consumption could cause \u200cthe disinflationary effects of \u200bAI to emerge sooner.<\/p>\n<p> (Reporting by Sara Rossi; Editing Gianluca Semeraro and Jamie Freed)<\/p>\n","protected":false},"excerpt":{"rendered":"MILAN, Sept 21 (Reuters) &#8211; \u2060Central banks need to understand who \u2060benefits from artificial intelligence-driven gains, as their&hellip;\n","protected":false},"author":2,"featured_media":631284,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,113,61,60,80],"class_list":["post-631283","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-ie","tag-ireland","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/631283","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=631283"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/631283\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/631284"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=631283"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=631283"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=631283"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}