Turkish lira crisis: Finance minister rules out IMF and capital controls - live updates
(The Guardian Turkey)

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 3.14pm BST Heres are the key points from Berat Alkayrak´s first major performance before international investors: Albayrak messages on investor call: Tight fiscal policy, coordination of fiscal and monetary policy, fight against inflation without giving up on growth., no planned capital controls. Most striking line: `We don`t expect fines on Halkbank` - latest on @Reuters screensLIVE - Treasury and Finance Minister Berat Albayrak (in conference call with over 6,000 international investors): Turkey will come out of this volatility stronger, the Turkish banking sector is healthy and strong; we will not compromise on fiscal discipline pic.twitter.com/Y8sB3gDMLkTurkish Treasury Minister Albayrak: o No capital controls would be ever imposed o No IMF stand-by deal instead will focus on FDIo Don´t expect U.S. fine against Halkbanko Support and additional funding would be provided to banks if necessary 3.14pm BST Apparently around 6,000 investors piled onto the conference call. That shows the level of interest in Turkey´s predicament around the globe. 2.56pm BST Albayrak ends the call by saying he´s like to meet investors soon.[Background: Some institutional investors have grumbled that Albayrak hasn´t been willing to meet them and has been taking a `bunker mentality´ since becoming treasury and finance minister in July] 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, Be ...