“Turkey will heal rapidly with the Interest Increase”

“Turkey will heal rapidly with the Interest Increase” BlueBay Asset Management, Emerging Markets Strategist Timothy Ash said, “Turkey will heal rapidly with the interest increase.” Bluebay Asset Management Emerging Markets Strategist Timothy Ash spoke to Bloomberg HT this week about how the change in the CBRT will affect the interest rate decision. Stating that the market is expecting an increase in interest rates, Ash stated that if this does not happen, the market will be disappointed. Ash also said, interest rate increases may show a rapid improvement in Turkey. Ash's expectations from the CBRT at the PPK meeting this Thursday are as follows: “I interpret President Erdogan's statements positively. There have been very encouraging moves. The previous administration of the Central Bank actually had a lot of time. Turkey has lost a lot of foreign exchange reserves. Now Naci Ağbal is a person who speaks the language of investors. We are optimistic about this. I think the right thing will be done this Thursday. Interest rates are thought to increase on Thursday. If this does not happen, the markets will be disappointed. I expect 14-15 percent levels in policy interest. It will be a good starting point. If there is a correct rate hike, there will be a rapid improvement.”