Dival Joshi warns that it is very dangerous for central banks to make the potential disinflationary impact of AI productivity their central case for monetary policy.

Dival Joshi believes there is a very high risk that long-term inflation expectations in the U.S. will become unanchored from the 2% target.

In the United Kingdom, long-term inflation expectations have already become unanchored, creating problems for the Bank of England and the government.