AI impact on global economy and finance discussed in Istanbul

At the Istanbul Economy Forum, Hatice Karahan, Deputy Governor of the Central Bank of the Republic of Türkiye, discussed the impact of artificial intelligence on the global economy. Karahan emphasized that central banks should lead in establishing AI standards for the financial sector to ensure these systems serve the public interest. She noted that while AI may influence monetary policy through various channels, the full extent of its impact will require more time to observe.

Separately, during Istanbul Fintech Week, Dr. Ekrem Teymur highlighted the transformative role of AI in the financial ecosystem. Teymur predicted a new era in finance where AI could replace human brokers by making decisions, executing trades, and performing price forecasting in markets such as stock exchanges and forex.