Turkey's New TurkStat Chief Arabacı Takes Office
Mehmet Arabacı has formally taken office as the new president of TurkStat, Turkey's statistics authority. The handover comes against a backdrop of renewed debate over the credibility of the country's inflation, GDP and labour-market data.
Mehmet Arabacı has formally taken office as the new president of TurkStat, Turkey's statistics authority, in a handover ceremony at the Ministry of Treasury and Finance. The appointment was published last month by presidential decree.
The transition comes amid recurring questions from external reviewers and independent economists about the reliability of the country's inflation, GDP and labour-market series. Officials say the agency intends to widen the transparency of its methodology and release calendar.
The data produced by TurkStat feeds directly into the central bank's interest-rate path, minimum-wage adjustments and the view that international investors take of Turkey. Arabacı's first major test will arrive in early June with the release of May inflation figures.
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