4.09.2024

Even the AI doesn't understand what they want

The decisions of the Swedish central bank AKA Riksbanken have been irrational for the past decade. Many financial advisors and others expected to see a rate cut at the latest monetary policy announcement.

A comparison service, Zmarta, had the virtual machine ChatGPT4 analyze Riksbanken's monetary policy reports. According to that AI analysis, there is a 70% chance of a rate cut at the central bank's next monetary policy announcement on May 2, 2024.

Handelsbanken, One of Sweden's largest commercial banks, has made its own analysis without the involvement of AI and assesses that there is only a 56% chance of an interest rate cut.

Riksbanken has been so irrational in its decisions that the only logical explanation is that they have made the decisions with Rock-Paper-Scissors.

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