Turkish FinMin Albaryak: Capital controls will never be on Turkey’s agenda

Turkish Finance Minister Berat Albayrak is crossing the newswires as he talks about the conference held with foreign investors today.

Key quotes (via LiveSquawk)

• Fiscal discipline target to be reached by tighter spending, no deviation from fiscal path.
• Government will see expenditure cuts.
• Fiscal discipline one of main anchors of economy.
• Focus on attractive FDI.
• No IMF plans.
• We do not any plan for capital controls.
• We full understand and recognise all domestic challenges.
• We are dealing with market anomaly now.
• Will come out of this volatility stronger.
• Banking sector healthy and strong.
• Doing stress tests on NPLs.