The Bank of England has been using a large language model (LLM) to review the minutes of its monetary policy committee meetings before publication, governor Andrew Bailey said today (September 25).
Bailey told a conference in Oxford that when the BoE was “finishing the minutes”, staff put the text into an LLM as a way of assessing how they were likely to be received, and whether that matched the intentions of the MPC.
Bailey said he had “mixed feelings” on the use of artificial intelligence in
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