Turkish lira crisis: Finance minister rules out IMF and capital controls - 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 2.53pm BST Earlier in the call, Berat Albayrak said he doesn´t expect state-owned Turkish bank Halkbank to be fined by America for allegedly helping Iran evade U.S. sanctions. Halkbank´s shares have jumped by 3.6% on this news. 2.47pm BST On US sanctions, Berat Albayrak says Turkey will turn to other parties - such as China and Germany - help it navigate the current situation. Continue reading...