Nightmare on Elm Street

TURKEY - Report 19 Apr 2026 by Murat Ucer and Atilla Yesilada

The phrase “mutlak butlan” (fully null and void) made it back to the politics lexicon a second time, as the scuttlebutt claims Kemal Kilicdaroglu will soon be appointed as trustee to CHP. Meanwhile, MHP leader Bahceli took the axe to his party’s provincial organizations during the week, dissolving 8 of them, as the rebellion against his support for Ocalan and the Peace Process takes root in the party, with voters migrating to smaller nationalist parties.

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What will the Monetary Policy Committee do this Thursday? This is the only topic the econ author addresses in this report, deferring a fuller analysis of the latest macro data to the monthly report that we plan to publish late next week.

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