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Summary of today's editorial "Economic World": The market and the central bank in the era of artificial intelligence - Dr. Pouya Jebel Ameli; Economist "Noah Harari" recently predicted that within the next decade, no human on Earth will know how the financial system created by artificial intelligence works. This prediction creates a disturbing paradox; because the financial system is based on "trust", but how can one trust a system that no one can understand? In such a scenario, financial markets will operate with high speed and ambiguous behaviors such as sudden trend changes and uncertain signaling, and arbitrage will not be as efficient as before. The central challenge in this regard is policy. Modern monetary policy is based on "symmetric understanding" and mutual understanding between the market and the central bank, and predicting the reaction of economic agents. But artificial intelligence turns the situation into "asymmetry in perception". In this case, the transmission mechanism becomes obscure because AI-driven markets have calculated and predicted the central bank's reaction much earlier, and monetary policy and bank supervision effectively lose their traditional meaning. In this financial revolution, if Harari's scenario materializes, the central bank will have no choice but to rely on the tools created by that same system to implement policy in such an environment. The channel

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Summary of today's editorial "Economic World": The market and the central bank in the era of artificial intelligence - Dr. Pouya Jebel Ameli; Economist "Noah Harari" recently predicted that within the next decade, no human on Earth will know how the financial system created by artificial intelligence works. This prediction creates a disturbing paradox; because the financial system is based on "trust", but how can one trust a system that no one can understand? In such a scenario, financial markets will operate with high speed and ambiguous behaviors such as sudden trend changes and uncertain signaling, and arbitrage will not be as efficient as before. The central challenge in this regard is policy. Modern monetary policy is based on "symmetric understanding" and mutual understanding between the market and the central bank, and predicting the reaction of economic agents. But artificial intelligence turns the situation into "asymmetry in perception". In this case, the transmission mechanism becomes obscure because AI-driven markets have calculated and predicted the central bank's reaction much earlier, and monetary policy and bank supervision effectively lose their traditional meaning. In this financial revolution, if Harari's scenario materializes, the central bank will have no choice but to rely on the tools created by that same system to implement policy in such an environment. The channel

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