Mobius: Confidence in Turkish Markets Will Increase
Mobius: Confidence in Turkish Markets Will Increase – Mark Mobius, founder of Mobius Capital Partners, evaluated how markets met the CBRT’s November interest rate decision.
Famous investor Mark Mobius stated that the Central Bank’s increase of the policy rate by 475 basis points to 15 percent was welcomed in the markets. “It was nice that the CBRT increased the interest rate decision, the depreciation of the TL was prevented.” using the expressions, Mobius said that Turkey’s interest rate increase would create an environment that will benefit.
“I THINK THE SHARES WILL PROVIDE GOOD”
Mobius, “We have not lost our confidence in Turkey. We have a portfolio that includes Turkish shares. Despite some problems, I think the shares will progress well. ” said
“Are you planning more Turkish presence? Responding to this question, Mobius said emerging markets and in the other they will increase their presence in Turkey.
Sharing his opinions on emerging markets, Mobius said that the emerging markets are currently in a very good view. Saying that the US dollar is weakening against the emerging market currency, Mobius said, “If the Biden administration increases taxes, it will have another reason for people to turn to emerging markets. Also, the Fed’s announcement that it will inject liquidity into the markets and keep interest rates low is good news for emerging markets. ” said.
Finally, Mobius stated that they expect a V-shaped recovery next year, “There is an incredible liquidity in the world. It doesn’t seem to be stopping anytime soon. ” he said.