Latest News for BIS

TD says it has successfully completed a tokenized payments test on the Project Agorá platform. The test case involved carrying out a tokenized payment between TD New York Branch (TD Securities LLC) and TD Bank, N.A.

The artificial intelligence boom could make it significantly harder for central banks to judge the state of the economy and set interest rates, as the technology simultaneously boosts both demand and supply, the Bank for International Settlements said on Tuesday.

Although some deem it blasphemous to suggest the AI boom is another bubble, the world's central banking forum and watchdog has warned against getting swept up in the frenzy, just as investors appear increasingly reluctant to second-guess it.

Global pressures from rising public debt to financial fragilities and the sustainability of the AI boom are increasing risks, underscoring the need for disciplined policymaking, according to the Bank for International Settlements.
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