Comments from Albayrak
No significant outflow from bank deposits
Turkish banks' capital ratios way above threshold
Turkey stands behind its banks, private sector
Central bank decisions to relax banks on liquidity
Turkey to continue taking measures on banks and companies
Attack on lira was declared on Aug 10
Measures to reduce companies FX risks to be taken
We will see lira strengthen further
The headline suggests that capital controls aren't on the table at the moment. At the moment, it looks like they've weathered the initial storm but it's tough to imagine this is the final chapter.
It's all about confidence and there's need for him to be truthful about the direction of deposits.
