TCMB Para Politikas\u0131 Kurulu (PPK), politika faizi olan bir hafta vadeli repo ihale faiz oran\u0131n\u0131 y\u00fczde 37’de, gecelik vadede bor\u00e7 verme faiz oran\u0131n\u0131 y\u00fczde 40’ta, gecelik vadede bor\u00e7lanma faiz oran\u0131n\u0131 ise y\u00fczde 35,5’te sabit tuttu.<\/p>\n
Konuya ili\u015fkin AA muhabirine de\u011ferlendirmede bulunan AA Finans analisti ve ekonomist Haluk B\u00fcr\u00fcmcek\u00e7i, TCMB Para Politikas\u0131 Kurulunun k\u00fcresel geli\u015fmelerin maliyet ve aktivite a\u00e7\u0131s\u0131ndan etkilerinin yak\u0131ndan takip edilip buna g\u00f6re kararlar al\u0131naca\u011f\u0131 mesaj\u0131n\u0131 verdi\u011fini vurgulad\u0131.<\/p>\n
B\u00fcr\u00fcmcek\u00e7i, para politikas\u0131 duru\u015funa ili\u015fkin ana mesaj c\u00fcmlesinin ise yeni riskleri dikkate alarak g\u00fcncellendi\u011fini belirterek, “gev\u015feme” y\u00f6n\u00fcnde olan duru\u015fun \u015fimdilik “n\u00f6tr” oldu\u011fu sinyali verildi\u011fini ifade etti.<\/p>\n
TCMB Para Politikas\u0131 Kurulunun makroihtiyati \u00e7er\u00e7eve ve likiditeye y\u00f6nelik mesajlar\u0131n\u0131n yine de\u011fi\u015fmedi\u011fini ve bu alanlarda temkinli duru\u015fun korunmaya devam edilece\u011fini d\u00fc\u015f\u00fcnd\u00fcrd\u00fc\u011f\u00fcn\u00fc s\u00f6yleyen B\u00fcr\u00fcmcek\u00e7i, \u015funlar\u0131 kaydetti:<\/p>\n
“Y\u0131l\u0131n \u00fc\u00e7\u00fcnc\u00fc PPK toplant\u0131s\u0131 22 Nisan\u2019da ger\u00e7ekle\u015fecek. Karar \u00f6ncesinde mart T\u00dcFE verisi a\u00e7\u0131klanm\u0131\u015f olurken, nisan ay\u0131 T\u00dcFE gidi\u015fat\u0131 a\u00e7\u0131s\u0131ndan da fikir sahibi olmu\u015f olaca\u011f\u0131z. Enflasyon ana e\u011filiminde belirgin bir iyile\u015fme g\u00f6zlenmez, k\u00fcresel emtia fiyatlamalar\u0131 gerilemez ve Bankan\u0131n ge\u00e7ici olarak ba\u015flatt\u0131\u011f\u0131 s\u0131k\u0131la\u015fma devam ediyor olursa, s\u00f6z konusu toplant\u0131da da politika faizinin sabit kalmas\u0131 ya da ek s\u0131k\u0131la\u015fmaya (politika faizi art\u0131\u015f\u0131 ya da koridor geni\u015flemesi) gidilmesi olas\u0131l\u0131\u011f\u0131n\u0131n y\u00fcksek olaca\u011f\u0131n\u0131 d\u00fc\u015f\u00fcn\u00fcyoruz.”<\/p>\n
“N\u0130SAN AYI KARARLARI TAMAMEN MART ENFLASYON VER\u0130LER\u0130NE ENDEKSLENM\u0130\u015e DURUMDA”<\/p>\n
Kuveyt T\u00fcrk Yat\u0131r\u0131m Ara\u015ft\u0131rma Direkt\u00f6r\u00fc Kutay G\u00f6zg\u00f6r ise TCMB’nin Ocak 2026\u2019da devam etti\u011fi faiz indirim s\u00fcrecine mart ay\u0131 itibar\u0131yla ara verdi\u011fini belirtti.<\/p>\n
Ocak ay\u0131 karar metninde enflasyonun ana e\u011filiminde belirgin bir gerilemenin vurguland\u0131\u011f\u0131na, mart metninde bu e\u011filimin \u015fubat ay\u0131 itibar\u0131yla yataya yak\u0131n seyretti\u011finin tespit edildi\u011fine i\u015faret eden G\u00f6zg\u00f6r, “Bu duru\u015f de\u011fi\u015fikli\u011finde metne yeni eklenen jeopolitik belirsizlikler, k\u00fcresel risk i\u015ftah\u0131ndaki bozulma ve enerji fiyatlar\u0131ndaki art\u0131\u015f gibi d\u0131\u015fsal risk fakt\u00f6rleri kritik bir rol oynam\u0131\u015ft\u0131r.” dedi.<\/p>\n
G\u00f6zg\u00f6r, TCMB’nin enflasyon g\u00f6r\u00fcn\u00fcm\u00fc \u00fczerindeki bu riskleri s\u0131n\u0131rlamak amac\u0131yla para politikas\u0131n\u0131 e\u015f g\u00fcd\u00fcml\u00fc mali tedbirlerle desteklendi\u011fini belirtti\u011fini aktararak, Bankan\u0131n ocak ay\u0131ndaki iyimserlikten daha ihtiyatl\u0131 ve savunmac\u0131 bir pozisyona ge\u00e7ti\u011fini dile getirdi.<\/p>\n
TCMB’nin ileti\u015fim dilindeki “toplant\u0131 bazl\u0131 ve ihtiyatl\u0131” yakla\u015f\u0131m vurgusunun, piyasadaki otomatik indirim beklentilerini dengeleyen bir tona i\u015faret etti\u011fini kaydeden G\u00f6zg\u00f6r, \u015fu de\u011ferlendirmeleri yapt\u0131:<\/p>\n
“Mart ay\u0131 duyurusunda, enflasyon g\u00f6r\u00fcn\u00fcm\u00fcnde kal\u0131c\u0131 bir bozulma olmas\u0131 durumunda duru\u015fun s\u0131k\u0131la\u015ft\u0131r\u0131laca\u011f\u0131 uyar\u0131s\u0131 da dikkat \u00e7ekmektedir. \u00d6n\u00fcm\u00fczdeki toplant\u0131da TCMB’nin faiz indirimlerinin devam\u0131 i\u00e7in kap\u0131y\u0131 tamamen kapatmad\u0131\u011f\u0131n\u0131 d\u00fc\u015f\u00fcn\u00fcyoruz. Gelecekte at\u0131lacak ad\u0131mlar\u0131n enflasyon ger\u00e7ekle\u015fmeleri ve beklentilerinin dezenflasyon patikas\u0131yla tam uyumlu hale gelmesine ba\u011fl\u0131 oldu\u011funu de\u011ferlendiriyoruz. Bu \u00e7er\u00e7evede, nisan ay\u0131 kararlar\u0131 tamamen mart enflasyon verilerine ve gerekli makroekonomik \u015fartlar\u0131n kal\u0131c\u0131 olarak olu\u015fmas\u0131na endekslenmi\u015f durumda.”<\/p>\n
In Touch Capital Markets K\u0131demli FX Analisti Piotr Matys de politika faiz oran\u0131n\u0131n y\u00fczde 37’de sabit tutulaca\u011f\u0131na dair yayg\u0131n beklentinin yan\u0131 s\u0131ra TCMB’nin enflasyon g\u00f6r\u00fcn\u00fcm\u00fcn\u00fcn s\u00fcrekli olarak k\u00f6t\u00fcle\u015fmesi halinde para politikas\u0131n\u0131n s\u0131k\u0131la\u015ft\u0131r\u0131labilece\u011fine dair \u015fahin bir mesaj verdi\u011fini vurgulad\u0131.<\/p>\n
Matys, “Ger\u00e7ekten de uzun s\u00fcreli bir petrol \u015foku T\u00fcrkiye’de enflasyon beklentilerini art\u0131racak ve bu da TCMB’nin s\u0131k\u0131 para politikas\u0131n\u0131 daha uzun s\u00fcre s\u00fcrd\u00fcrmesini veya hatta faiz art\u0131r\u0131m\u0131n\u0131 ciddi olarak de\u011ferlendirmesini gerektirecektir.” ifadelerini kulland\u0131.<\/p>\n","protected":false},"excerpt":{"rendered":"
TCMB Para Politikas\u0131 Kurulu (PPK), politika faizi olan bir hafta vadeli repo ihale faiz oran\u0131n\u0131 y\u00fczde 37’de, gecelik vadede bor\u00e7 verme faiz oran\u0131n\u0131 y\u00fczde 40’ta, gecelik vadede bor\u00e7lanma faiz oran\u0131n\u0131 ise y\u00fczde 35,5’te sabit tuttu. Konuya ili\u015fkin AA muhabirine de\u011ferlendirmede bulunan AA Finans analisti ve ekonomist Haluk B\u00fcr\u00fcmcek\u00e7i, TCMB Para Politikas\u0131 Kurulunun k\u00fcresel geli\u015fmelerin maliyet […]<\/p>\n","protected":false},"author":1,"featured_media":1580346,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-1580345","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ekonomi"],"_links":{"self":[{"href":"https:\/\/www.erzhaber.com.tr\/index.php?rest_route=\/wp\/v2\/posts\/1580345","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.erzhaber.com.tr\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.erzhaber.com.tr\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.erzhaber.com.tr\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.erzhaber.com.tr\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1580345"}],"version-history":[{"count":1,"href":"https:\/\/www.erzhaber.com.tr\/index.php?rest_route=\/wp\/v2\/posts\/1580345\/revisions"}],"predecessor-version":[{"id":1580347,"href":"https:\/\/www.erzhaber.com.tr\/index.php?rest_route=\/wp\/v2\/posts\/1580345\/revisions\/1580347"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.erzhaber.com.tr\/index.php?rest_route=\/wp\/v2\/media\/1580346"}],"wp:attachment":[{"href":"https:\/\/www.erzhaber.com.tr\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1580345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.erzhaber.com.tr\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1580345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.erzhaber.com.tr\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1580345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}