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The Central Bank of the Republic of Türkiye (CBRT) has reportedly appointed Murat Tasci, a former economist at New York-based JPMorgan Chase and the Federal Reserve Bank of Cleveland, as its new chief economist, filling the position for the first time since 2019, when Hakan Kara stepped down.
The central bank has not released an official statement on the appointment; however, sources familiar with the matter confirmed the development to Bloomberg.
Murat Tasci, holds a doctorate in economics from the University of Texas at Austin, following undergraduate studies at Koc University in Istanbul. His career has largely unfolded in the United States, where he spent 17 years at the Cleveland branch of the U.S. Federal Reserve. There, he rose to the rank of senior economist, specializing in labor markets and macroeconomic modeling.
In 2023, Tasci joined JPMorgan Chase & Co as executive director and senior U.S. economist, focusing on U.S. monetary policy, labor market dynamics, and inflation expectations.
As chief economist, Tasci is expected to play a key role in shaping the CBRT’s research and policy agenda while supporting monetary policy decisions. While not a voting member of the MPC, the chief economist’s insights often carry considerable weight in internal deliberations.
Tasci publicly announced his return to Türkiye in November 2025 via LinkedIn, stating that he had joined the CBRT as an advisor. One of the first to endorse the post was CBRT Governor Fatih Karahan, himself a former economist at the New York Fed.
The central bank’s Monetary Policy Committee (MPC) is also expected to undergo a reshuffle in 2026, as Deputy Governor Cevdet Akcay prepares to retire. Two other deputy governor positions remain vacant, and a Bloomberg report in October suggested that the search for candidates had already begun.
The MPC currently has seven seats, of which five are filled, including Governor Fatih Karahan, Deputies Cevdet Akcay and Hatice Karahan, and members Elif Haykir Hobikoglu and Fatma Ozkul.
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