PubChat at the Central Bank: RBA Rolls out Chatbot to Assist With Economic Analysis

In-house chatbot “PubChat” will scan 20,000+ documents, track sentiment, detect price pressures, and complement its 125,000 time series datasets.

Governor of the Reserve Bank of Australia (RBA) Michele Bullock speaks to the media during a press conference in Sydney, Australia, on Feb. 6, 2024. AAP Image/Bianca De Marchi

The Reserve Bank of Australia (RBA) is rolling out new artificial intelligence tools aimed at improving its economic analysis.

Governor Michele Bullock, delivering the Shann Memorial Lecture in Perth on Sept. 3, stressed that while AI would not be making monetary policy decisions, it would help staff process information faster.