Emmanuel Moulin: The impact of artificial intelligence on inflation is difficult to predict and may exacerbate price volatility

Emmanuel Moulin, the Managing Director of the European Central Bank, stated in a commentary published in Investir that the impact of artificial intelligence on inflation is difficult to predict and may exacerbate price volatility. Emmanuel Moulin pointed out that artificial intelligence acts on both supply and demand variables, and in the short term, an increase in capital expenditure has an inflationary effect, which may be suppressed by productivity growth in the future.