Turkey not expecting fines on Halkbank, Albayrak says

Turkey is not expecting any fines against state-owned Halkbank, Finance Minister Berat Albayrak said on Thursday.

A former Halkbank executive was convicted by a U.S. court in January of helping evade U.S. sanctions on Iran.

Albayrak also told investors on a conference call that monetary policy was not enough to fight inflation, and a coordinated, well-balanced approach between monetary and fiscal policy was needed.

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