A1 Capital taraf\u0131ndan yay\u0131mlanan g\u00fcnl\u00fck b\u00fcltende, Karahan’\u0131n yat\u0131r\u0131mc\u0131lara enflasyonla m\u00fccadele program\u0131n\u0131n planland\u0131\u011f\u0131 \u015fekilde ilerledi\u011fi, s\u0131k\u0131 para politikas\u0131ndan vazge\u00e7ilmedi\u011fi ve erken bir gev\u015femenin beklenmemesi gerekti\u011fi y\u00f6n\u00fcnde mesaj verdi\u011fi ifade edildi.<\/p>\n
Karahan’\u0131n, son d\u00f6nemde ya\u015fanan jeopolitik geli\u015fmelere ra\u011fmen enflasyon beklentilerinde ciddi bir bozulma g\u00f6r\u00fclmedi\u011fini s\u00f6yledi\u011fi belirtilirken, Orta Do\u011fu’daki gerilim, petrol fiyatlar\u0131ndaki y\u00fckseli\u015f ve k\u00fcresel belirsizliklerin enflasyon a\u00e7\u0131s\u0131ndan risk olu\u015fturmas\u0131na ra\u011fmen TCMB’nin bu geli\u015fmelerin fiyatlama davran\u0131\u015flar\u0131n\u0131 kal\u0131c\u0131 \u015fekilde bozmad\u0131\u011f\u0131 g\u00f6r\u00fc\u015f\u00fcnde oldu\u011fu aktar\u0131ld\u0131.<\/p>\n
B\u00fcltende, i\u00e7 talepteki yava\u015flaman\u0131n da Karahan’\u0131n \u00f6ne \u00e7\u0131kard\u0131\u011f\u0131 ba\u015fl\u0131klardan biri oldu\u011fu belirtilerek, kredi b\u00fcy\u00fcmesi, kartl\u0131 harcamalar ve t\u00fcketim e\u011filiminin daha dengeli seviyelere geldi\u011fi, bunun da s\u0131k\u0131 para politikas\u0131n\u0131n ekonomide etkisini g\u00f6stermeye ba\u015flad\u0131\u011f\u0131na i\u015faret etti\u011fi ifade edildi. Enerji fiyatlar\u0131 ve jeopolitik risklere ili\u015fkin de\u011ferlendirmelerde ise petrol fiyatlar\u0131ndaki y\u00fckseli\u015fin k\u0131sa vadede enflasyon \u00fczerinde bask\u0131 olu\u015fturabilece\u011finin kabul edildi\u011fi, ancak bunun \u015fu a\u015famada kal\u0131c\u0131 bir risk olarak de\u011ferlendirilmedi\u011fi kaydedildi.<\/p>\n
Karahan’\u0131n rezervlere ili\u015fkin mesajlar\u0131nda son aylardaki toparlanman\u0131n s\u00fcrd\u00fc\u011f\u00fcn\u00fc, T\u00fcrk liras\u0131na g\u00fcvenin artt\u0131\u011f\u0131n\u0131 ve dolarizasyonda yeniden h\u0131zlanan bir e\u011filim g\u00f6r\u00fclmedi\u011fini vurgulad\u0131\u011f\u0131 aktar\u0131ld\u0131. Bu a\u00e7\u0131klamalar\u0131n, rezerv birikiminin s\u00fcrd\u00fc\u011f\u00fc ve finansal istikrar a\u00e7\u0131s\u0131ndan \u00f6nemli bir sorun g\u00f6r\u00fclmedi\u011fi y\u00f6n\u00fcnde yabanc\u0131 yat\u0131r\u0131mc\u0131lara g\u00fcven vermeyi ama\u00e7lad\u0131\u011f\u0131 ifade edildi.<\/p>\n
De\u011ferlendirmede, piyasalarda bu a\u00e7\u0131klamalar\u0131n TCMB’nin hen\u00fcz faiz indirimine haz\u0131r olmad\u0131\u011f\u0131, ancak faiz art\u0131r\u0131m\u0131 ihtiyac\u0131n\u0131n da azald\u0131\u011f\u0131 y\u00f6n\u00fcnde alg\u0131 olu\u015fturdu\u011fu belirtildi. Merkez Bankas\u0131’n\u0131n \u00f6n\u00fcm\u00fczdeki birka\u00e7 ayl\u0131k enflasyon verilerini g\u00f6rmek istedi\u011fi, \u00f6zellikle Haziran ve Temmuz enflasyon rakamlar\u0131n\u0131n para politikas\u0131 a\u00e7\u0131s\u0131ndan belirleyici olaca\u011f\u0131 kaydedildi.<\/p>\n
A1 Capital, beklentilerinin de bu a\u00e7\u0131klamalarla paralel oldu\u011funu belirterek, Temmuz ay\u0131ndaki Para Politikas\u0131 Kurulu toplant\u0131s\u0131nda politika faizinin mevcut seviyesinde korunmas\u0131n\u0131n en olas\u0131 senaryo oldu\u011funu ifade etti. Ayl\u0131k enflasyonun yaz aylar\u0131ndan itibaren y\u00fczde 2’nin alt\u0131na yakla\u015fmas\u0131, Brent petrol fiyatlar\u0131nda sert y\u00fckseli\u015f ya\u015fanmamas\u0131 ve T\u00fcrk liras\u0131nda ciddi oynakl\u0131k g\u00f6r\u00fclmemesi halinde TCMB’nin 10 Eyl\u00fcl toplant\u0131s\u0131ndan itibaren \u00f6l\u00e7\u00fcl\u00fc ve veri odakl\u0131 bir faiz indirimi s\u00fcreci ba\u015flatmas\u0131n\u0131n m\u00fcmk\u00fcn olabilece\u011fi de\u011ferlendirmesinde bulunuldu. \u0130ndirimlerin h\u0131zl\u0131 veya agresif olmas\u0131n\u0131n beklenmedi\u011fi, Merkez Bankas\u0131’n\u0131n \u00f6nceli\u011finin fiyat istikrar\u0131 oldu\u011fu ve olas\u0131 gev\u015feme ad\u0131mlar\u0131n\u0131n tamamen veriye ba\u011fl\u0131 \u015fekilde at\u0131laca\u011f\u0131 vurguland\u0131.<\/p>\n
B\u00fcltende ayr\u0131ca ABD’de a\u00e7\u0131klanan May\u0131s ay\u0131 PCE verilerinin de de\u011ferlendirildi\u011fi belirtilerek, Fed’in yak\u0131ndan takip etti\u011fi enflasyon g\u00f6stergesinin piyasalar\u0131 olumsuz etkileyecek kadar k\u00f6t\u00fc gelmedi\u011fi, ancak Fed’in rahatlayabilece\u011fi \u00f6l\u00e7\u00fcde g\u00fc\u00e7l\u00fc bir iyile\u015fmeye de i\u015faret etmedi\u011fi ifade edildi.<\/p>\n
Man\u015fet PCE enflasyonunun ayl\u0131k bazda y\u00fczde 0,4 artarken y\u0131ll\u0131k bazda y\u00fczde 4,1’e y\u00fckseldi\u011fi, \u00e7ekirdek PCE’nin ise ayl\u0131k y\u00fczde 0,3 ve y\u0131ll\u0131k y\u00fczde 3,4 ile piyasa beklentilerine b\u00fcy\u00fck \u00f6l\u00e7\u00fcde paralel ger\u00e7ekle\u015fti\u011fi aktar\u0131ld\u0131. Y\u0131ll\u0131k enflasyondaki y\u00fckseli\u015fte enerji fiyatlar\u0131ndaki art\u0131\u015f\u0131n etkili oldu\u011fu, \u00e7ekirdek enflasyonun beklentileri a\u015fmamas\u0131n\u0131n ise piyasalarda ilk etapta rahatlama sa\u011flad\u0131\u011f\u0131 kaydedildi.<\/p>\n
Raporda, ki\u015fisel harcamalar\u0131n beklentilerin \u00fczerinde artmas\u0131n\u0131n Amerikan t\u00fcketicisinin y\u00fcksek faiz ortam\u0131na ra\u011fmen harcamalar\u0131n\u0131 s\u00fcrd\u00fcrd\u00fc\u011f\u00fcn\u00fc g\u00f6sterdi\u011fi belirtilirken, g\u00fc\u00e7l\u00fc t\u00fcketim talebinin enflasyonun istenilen h\u0131zda d\u00fc\u015fmesini zorla\u015ft\u0131rabilece\u011fi, ancak verilerin beklentilere yak\u0131n ger\u00e7ekle\u015fmesi nedeniyle Fed’in \u00e7ok daha agresif faiz art\u0131raca\u011f\u0131 y\u00f6n\u00fcndeki endi\u015felerin \u015fimdilik g\u00fc\u00e7lenmedi\u011fi ifade edildi.<\/p>\n
<\/strong> \u0130stanbul, 26 Haziran (Hibya) \u2013 A1 Capital, TCMB Ba\u015fkan\u0131 Fatih Karahan’\u0131n Londra’da uluslararas\u0131 yat\u0131r\u0131mc\u0131larla yapt\u0131\u011f\u0131 g\u00f6r\u00fc\u015fmelerde mevcut para politikas\u0131na olan g\u00fcveni peki\u015ftiren mesajlar verdi\u011fini duyurdu.<\/p>\n","protected":false},"author":1,"featured_media":105002,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAow07ekDA:productID":"","footnotes":""},"categories":[12,4,1,9],"tags":[],"class_list":["post-105001","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-spor","category-dunya","category-ekonomi","category-manset"],"_links":{"self":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts\/105001","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/comments?post=105001"}],"version-history":[{"count":0,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts\/105001\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media\/105002"}],"wp:attachment":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media?parent=105001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/categories?post=105001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/tags?post=105001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nEKONOM\u0130 GAZETES\u0130 <\/p>\n","protected":false},"excerpt":{"rendered":"