AI Governance and Ethics in Central Banking Operations

The deployment of Artificial Intelligence (AI) across central banking functions—from monetary policy modeling and financial stability monitoring to operational risk and payment systems—introduces critical challenges related to governance, accountability, transparency, and ethics. This essential course provides a comprehensive framework for establishing robust **AI Governance** tailored to the public interest mandate of a central bank. Participants will explore the ethical implications of using AI in high-stakes decisions, the necessity of **model explainability (XAI)** to ensure trust, and the development of policies to mitigate AI-induced bias, fairness, and accountability risks. The program guides policy makers and risk officers on how to build and maintain public trust while harnessing the transformative power of AI, ensuring compliance with legal and democratic principles.