Turkish financial crisis: Finance minister tries to reassure investors - live updates
(The Guardian Business News)

All the day´s economic and financial news, including the latest on the Turkish currency crisis that has spooked investorsLatest: Berat Albayrak is speaking to investors nowFinance minister pledges to fight inflation and support banksAlbayrak: Won´t need capital controls or the IMFEarlier:Introduction: Turkish finance minister faces credibility testProfile: Berat Albayrak: the Jared Kushner of Turkey 2.38pm BST Here´s Reuters´ first take on Albayrak´s conference call (which is still going on):Finance Minister Berat Albayrak said on Thursday Turkey won´t hesitate to provide support to the banking sector, which was capable of managing current volatility, and there has not been major deposit flow from banks lately.In a conference call with investors, Albayrak said Turkey had already taken measures to curb forex funding and corporate sare in a comfortable position to meet short-term liabilities. 2.37pm BST Albayrak is now talking about the need to co-ordinate fiscal and monetary policy.In other words, the government and the central bank need to work together to fight the crisis. Continue reading...