Nigeria Deploys AI to Gauge Monetary Policy Impact, Cardoso Says

The Central Bank of Nigeria is deploying artificial intelligence in the making and assessment of monetary policy to ensure decisions are effective and deliver the desired results, Governor Olayemi Cardoso tells an Association of African Central Banks event in Mauritius.

• Lender has taken “the utilization of big data and AI very seriously” to ensure monetary policy is credible, Cardoso says during annual meeting of the AACB, being held outside Port Louis
• “We have been able to improve the accuracy of inflation forecasting models using sentiment analysis generated from social media cites such as Twitter and Facebook”: Cardoso
• The Nigerian central ...