RBA governor outlines central bank data strategy

• Reserve Bank Governor Michele Bullock has outlined a three-part data strategy for central banks at a global conference.
• The operational roadmap targets artificial intelligence adoption, modernised statistical methods, and stricter governance frameworks across international institutions.
• The policy initiative aims to strengthen official statistical accuracy while establishing operational guardrails for artificial intelligence usage.

Reserve Bank of Australia Governor Michele Bullock outlined a three-point strategy to modernise statistical frameworks at the 13th biennial Irving Fisher Committee conference in Switzerland.

The policy update expands the committee's mandate to address rapid shifts in global financial technology and data collection.

"The objective is not to replace official statistics but to strengthen them," said Reserve Bank Governor Michele Bullock.

The initiative directs central bank leaders to evaluate operational opportunities, practical integration challenges, and technical risks associated with artificial intelligence systems.

The framework establishes policies to maintain data consistency, enforce usage guardrails, and ensure institutional transparency across global monetary bodies.

Central banks internationally continue to update analytical tools to process non-traditional financial indicators alongside standard macroeconomic reporting.

The structural priorities aim to build trusted data systems as official institutions evaluate emerging computational tools.