Irving Fisher Committee on Central Bank Statistics
The Irving Fisher Committee on Central Bank Statistics (IFC) is a forum of central bank economists and statisticians, as well as others who want to participate in discussing statistical issues of interest to central banks. The IFC is established and governed by the international central banking community and operates under the auspices of the Bank for International Settlements (BIS). It is associated with the International Statistical Institute (ISI).
The IFC has adopted the name of Irving Fisher, an internationally renowned economist and statistician, for his work on economic measurement and many other topics related to monetary and financial stability of interest to central banks. His wide-ranging contributions to economics and statistics and his multi-disciplinary approach serve as an example for the IFC's objectives and activities.
On 10 November 2014 the BIS All Governors' meeting endorsed the decision to appoint Turalay Kenç as Chair of the Irving Fisher Committee on Central Bank Statistics (IFC) as from the 1 January 2015 and for a three-year term. BIS Governors also took this opportunity to thank the current IFC Chair, Muhammad Ibrahim, Deputy Governor of the Bank Negara Malaysia, for his excellent chairmanship of the IFC over the past three years.
Turalay Kenç received a PhD in Economics at the University of York and has had an impressive academic career working for various universities. He was appointed as a member of the Monetary Policy Committee of the Central Bank of the Republic of Turkey in 2009 and has been acting as Deputy Governor since 2011.
On 12 January 2015 the BIS All Governors' meeting approved the publication of both the 2014 IFC Annual Report and the "IFC report on data-sharing: issues and good practices". The second report was prepared by a Task Force chaired by Aurel Schubert, Director General Statistics Department, of the ECB.