{"id":117780,"date":"2026-07-20T11:30:10","date_gmt":"2026-07-20T08:30:10","guid":{"rendered":"https:\/\/ekonomigundemi.com.tr\/index.php\/2026\/07\/20\/piyasa-katilimcilari-anketi-orta-ve-uzun-vadede-yeni-bir-katalizor-olusturmadi"},"modified":"2026-07-20T11:30:10","modified_gmt":"2026-07-20T08:30:10","slug":"piyasa-katilimcilari-anketi-orta-ve-uzun-vadede-yeni-bir-katalizor-olusturmadi","status":"publish","type":"post","link":"https:\/\/ekonomigundemi.com.tr\/index.php\/2026\/07\/20\/piyasa-katilimcilari-anketi-orta-ve-uzun-vadede-yeni-bir-katalizor-olusturmadi\/","title":{"rendered":"Piyasa Kat\u0131l\u0131mc\u0131lar\u0131 Anketi orta ve uzun vadede yeni bir kataliz\u00f6r olu\u015fturmad\u0131"},"content":{"rendered":"

Pusula Yat\u0131r\u0131m’\u0131n\u00a0analizinde, anket sonu\u00e7lar\u0131n\u0131n piyasa beklentilerinden g\u00f6rece uzakla\u015ft\u0131\u011f\u0131 belirtilirken, temmuz ay\u0131 i\u00e7in y\u00fczde 1,68, a\u011fustos ay\u0131 i\u00e7in y\u00fczde 1,44 ve eyl\u00fcl ay\u0131 i\u00e7in y\u00fczde 2,03 seviyesinde T\u00dcFE beklentisi olu\u015ftu\u011fu ifade edildi. Son d\u00f6nemde yap\u0131lan fiyat ayarlamalar\u0131n\u0131n enflasyondaki kat\u0131l\u0131\u011f\u0131n s\u00fcrd\u00fc\u011f\u00fcn\u00fc g\u00f6sterdi\u011fi belirtilen de\u011ferlendirmede, cari y\u0131l sonu enflasyon beklentisinin y\u00fczde 29,21’e, 2027 y\u0131l sonu beklentisinin ise y\u00fczde 21,47’ye y\u00fckseldi\u011fi hat\u0131rlat\u0131ld\u0131.<\/p>\n

Faiz beklentilerine ili\u015fkin de\u011ferlendirmede ise anket toplama tarihi ile Para Politikas\u0131 Kurulu (PPK) toplant\u0131s\u0131 aras\u0131ndaki zaman fark\u0131 nedeniyle ankette yer alan beklentilerin do\u011frudan politika faizine ili\u015fkin de\u011ferlendirilmemesi gerekti\u011fi ifade edildi. \u015eirket, piyasa faizlerinin y\u00fczde 40 seviyesinde fiyatlanmas\u0131 nedeniyle ankette de bu seviyenin \u00f6ne \u00e7\u0131kt\u0131\u011f\u0131n\u0131, mevcut g\u00f6r\u00fcn\u00fcm\u00fcn temmuz ay\u0131nda faizin sabit tutulaca\u011f\u0131 beklentisini destekledi\u011fini, eyl\u00fcl ay\u0131na ili\u015fkin beklentinin ise 50 baz puanl\u0131k faiz indirimi y\u00f6n\u00fcnde oldu\u011funu belirtti.<\/p>\n

Kur taraf\u0131nda yukar\u0131 y\u00f6nl\u00fc hareketin s\u00fcrd\u00fc\u011f\u00fc belirtilen de\u011ferlendirmede, cari i\u015flemler dengesine ili\u015fkin beklentilerin ihracat ve emtia ithalat\u0131 kaynakl\u0131 geli\u015fmeler nedeniyle bozulmaya devam etti\u011fi kaydedildi. Buna g\u00f6re, 2026 y\u0131l\u0131 cari a\u00e7\u0131k beklentisinin 49,3 milyar dolar, 2027 y\u0131l\u0131 beklentisinin ise 43,3 milyar dolar seviyesinde oldu\u011fu aktar\u0131ld\u0131.<\/p>\n

Pusula Yat\u0131r\u0131m, b\u00fcy\u00fcme beklentilerinin dezenflasyon patikas\u0131yla uyumlu seyretti\u011fini belirterek, piyasa kat\u0131l\u0131mc\u0131lar\u0131n\u0131n 2026 y\u0131l\u0131 i\u00e7in y\u00fczde 3,1, 2027 y\u0131l\u0131 i\u00e7in ise y\u00fczde 4,1 b\u00fcy\u00fcme \u00f6ng\u00f6rd\u00fc\u011f\u00fcn\u00fc ifade etti.<\/p>\n

\u015eirket de\u011ferlendirmesinde, anket sonu\u00e7lar\u0131n\u0131n ilk bak\u0131\u015fta enflasyon g\u00f6r\u00fcn\u00fcm\u00fc a\u00e7\u0131s\u0131ndan olumlu de\u011ferlendirilebilece\u011fi ancak orta ve uzun vadede piyasalar a\u00e7\u0131s\u0131ndan yeni bir kataliz\u00f6r olu\u015fturmad\u0131\u011f\u0131 belirtilirken, bu nedenle g\u00f6r\u00fcn\u00fcm\u00fcn n\u00f6tr olarak korundu\u011fu ifade edildi.<\/p>\n

Pusula Yat\u0131r\u0131m ayr\u0131ca, 2026 y\u0131l sonu i\u00e7in y\u00fczde 35 politika faizi ve y\u00fczde 30 enflasyon, 2027 y\u0131l\u0131 i\u00e7in ise y\u00fczde 25 politika faizi ve y\u00fczde 21 enflasyon beklentilerini korudu\u011funu bildirdi.<\/p>\n

<\/strong>
\nEKONOM\u0130 GAZETES\u0130 <\/p>\n","protected":false},"excerpt":{"rendered":"

\u0130stanbul, 20 Temmuz (Hibya) – Pusula Yat\u0131r\u0131m, T\u00fcrkiye Cumhuriyet Merkez Bankas\u0131’n\u0131n (TCMB) Temmuz 2026 d\u00f6nemine ili\u015fkin Piyasa Kat\u0131l\u0131mc\u0131lar\u0131 Anketi sonu\u00e7lar\u0131n\u0131 de\u011ferlendirdi.<\/p>\n","protected":false},"author":1,"featured_media":117781,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAow07ekDA:productID":"","footnotes":""},"categories":[4,1,9],"tags":[],"class_list":["post-117780","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dunya","category-ekonomi","category-manset"],"_links":{"self":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts\/117780","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=117780"}],"version-history":[{"count":0,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts\/117780\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media\/117781"}],"wp:attachment":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media?parent=117780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/categories?post=117780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/tags?post=117780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}