DNB Chief: AI Spending Inflationary Short Term, Offset by Productivity Later

Olaf Sleijpen, governor of De Nederlandsche Bank (DNB), said large-scale AI-related spending is inflationary in the short term but will eventually be offset by gains in productivity. He made the remarks at the ECB's annual symposium held each year in Sintra, Portugal, in comments reported by Bloomberg on June 30, 2026.