RBNZ creates first AI role to help with economic forecasting

RBNZ creates first AI role to help with economic forecasting
An RBNZ milestone is to have AI pilots in its data and analytics platform in 2025. (Image: Getty)
John Anthony
The Reserve Bank of New Zealand is recruiting for its first machine learning engineer role to help improve analytical tools for tasks including economic forecasting.A job description stated that the Reserve Bank of NZ (RBNZ) is investing in new technology and approaches to grow its data capabilities.The role would help assess the suitability of different technologies and methods.An RBNZ spokesman said this would be the first full-time artificial intelligence (AI) or machine learning role created at the bank, and there were no projections on how...

More Economy

Trade data shows imports down, exports up in November
Economy

Trade data shows imports down, exports up in November

The latest trade data follow Thursday's dire GDP result.

Staff reporters 20 Dec 2024
GDP plunge may spur speculation about a 75bps cut
Economy

GDP plunge may spur speculation about a 75bps cut

The past two quarters mark the weakest six months since June 1991. 

Rebecca Howard 19 Dec 2024
Massive GDP fall: NZ in deep recession
Economy

Massive GDP fall: NZ in deep recession

New Zealand’s gross domestic product fell 1.0% in the September 2024 quarter.The massive fall came after a revised 1.1% decrease in the June 2024 quarter, according to figures released by Stats NZ on Thursday.“The structure of the New Zealand economy can change quickly, which is...

Staff reporters 19 Dec 2024