{"id":19697,"date":"2025-12-12T18:45:05","date_gmt":"2025-12-12T15:45:05","guid":{"rendered":"https:\/\/ekonomigundemi.com.tr\/index.php\/2025\/12\/12\/bmd-arastirma-bist100-endeksi-11-31131-puandan-haftayi-tamamladi"},"modified":"2025-12-12T18:45:05","modified_gmt":"2025-12-12T15:45:05","slug":"bmd-arastirma-bist100-endeksi-11-31131-puandan-haftayi-tamamladi","status":"publish","type":"post","link":"https:\/\/ekonomigundemi.com.tr\/index.php\/2025\/12\/12\/bmd-arastirma-bist100-endeksi-11-31131-puandan-haftayi-tamamladi\/","title":{"rendered":"BMD Ara\u015ft\u0131rma: B\u0130ST100 Endeksi 11.311,31 puandan haftay\u0131 tamamlad\u0131"},"content":{"rendered":"

BMD Ara\u015ft\u0131rma\u2019n\u0131n raporunda yurt i\u00e7inde sanayi \u00fcretimi ve cari denge verilerinin yan\u0131 s\u0131ra TCMB\u2019nin faiz karar\u0131 \u00f6n plana \u00e7\u0131karken yurt d\u0131\u015f\u0131nda ise Almanya\u2019da enflasyon ile ABD Merkez Bankas\u0131\u2019n\u0131n (Fed) faiz karar\u0131n\u0131n takip edildi\u011fi bir haftan\u0131n geride b\u0131rak\u0131ld\u0131\u011f\u0131 belirtildi.<\/p>\n

Almanya\u2019da t\u00fcketici fiyat endeksi Kas\u0131m ay\u0131nda ayl\u0131k y\u00fczde 0,2 azal\u0131rken Ekim ay\u0131nda y\u00fczde 2,3 olan y\u0131ll\u0131k enflasyonun, Kas\u0131m ay\u0131nda da y\u00fczde 2,3 oldu\u011fu ifade edilen raporda \u015fu de\u011ferlendirmelere yer verildi:<\/p>\n

\u201cABD Merkez Bankas\u0131 (Fed), \u00c7ar\u015famba g\u00fcn\u00fc ger\u00e7ekle\u015ftirdi\u011fi Aral\u0131k ay\u0131 toplant\u0131s\u0131nda politika faizini 25 baz puan indirerek y\u00fczde 3,50-3,75 aral\u0131\u011f\u0131na \u00e7ekti. Karar metninde Fed, faiz indirimlerine ara vermeden hemen \u00f6nce, ge\u00e7en Aral\u0131k ay\u0131nda kulland\u0131\u011f\u0131 “ek ayarlamalar\u0131n kapsam\u0131 ve zamanlamas\u0131n\u0131 de\u011ferlendirirken” ifadesine geri d\u00f6nd\u00fc.<\/p>\n

Fed, finansal sistemdeki rezervleri yeniden in\u015fa etmek amac\u0131yla 12 Aral\u0131k'tan itibaren ayda 40 milyar dolarl\u0131k Hazine bonosu al\u0131m\u0131na ba\u015flayaca\u011f\u0131n\u0131 duyurdu. Fed Ba\u015fkan\u0131 Jerome Powell, faiz karar\u0131n\u0131n ard\u0131ndan yapt\u0131\u011f\u0131 a\u00e7\u0131klamada, h\u00fck\u00fcmetin kapanmas\u0131 nedeniyle baz\u0131 verilerin gecikti\u011fini ancak son toplant\u0131dan bu yana genel g\u00f6r\u00fcn\u00fcmde b\u00fcy\u00fck bir de\u011fi\u015fim olmad\u0131\u011f\u0131n\u0131 ifade etti. Powell, Fed'in sorumlulu\u011funun, tarifeler ve benzeri unsurlar nedeniyle t\u00fcketici fiyatlar\u0131nda ortaya \u00e7\u0131kan tek seferlik art\u0131\u015flar\u0131n kal\u0131c\u0131 bir enflasyon sorununa d\u00f6n\u00fc\u015fmesini engellemek oldu\u011funu ifade etti.<\/p>\n

T\u00fcrkiye\u2019de sanayi \u00fcretimi, Ekim ay\u0131nda ayl\u0131k y\u00fczde 0,8 azal\u0131rken y\u0131ll\u0131k y\u00fczde 2,2 artt\u0131. Cari denge, Ekim ay\u0131nda 457 milyon dolar fazla verdi. \u00d6demeler dengesi tan\u0131ml\u0131 d\u0131\u015f ticaret a\u00e7\u0131\u011f\u0131 5,96 milyar dolar olurken hizmetler dengesi kaynakl\u0131 net giri\u015fler 7,59 milyar dolar olarak ger\u00e7ekle\u015fti. TCMB Per\u015fembe g\u00fcn\u00fc ger\u00e7ekle\u015ftirdi\u011fi y\u0131l\u0131n son toplant\u0131s\u0131nda, politika faizi olan bir hafta vadeli repo ihale faiz oran\u0131n\u0131 150 baz puan indirerek y\u00fczde 39,5\u2019ten y\u00fczde 38\u2019e \u00e7ekti.<\/p>\n

Kurul ayr\u0131ca, Merkez Bankas\u0131 gecelik vadede bor\u00e7 verme faiz oran\u0131n\u0131 y\u00fczde 42,5\u2019ten y\u00fczde 41\u2019e ve gecelik vadede bor\u00e7lanma faiz oran\u0131n\u0131 y\u00fczde 38\u2019den y\u00fczde 36,5\u2019e indirdi. Karar metninde Kas\u0131m ay\u0131nda t\u00fcketici enflasyonunun g\u0131da fiyatlar\u0131ndaki geli\u015fmelerle beklenenden d\u00fc\u015f\u00fck ger\u00e7ekle\u015fti\u011fi enflasyonun ana e\u011filiminin Eyl\u00fcl ay\u0131ndaki art\u0131\u015ftan sonra Ekim ve Kas\u0131m aylar\u0131nda bir miktar geriledi\u011fi belirtildi.<\/p>\n

Karar metninde “Kurul politika faizine ili\u015fkin at\u0131lacak ad\u0131mlar\u0131; enflasyon ger\u00e7ekle\u015fmelerini, ana e\u011filimini ve beklentilerini g\u00f6z \u00f6n\u00fcnde bulundurarak ara hedeflerle uyumlu bi\u00e7imde dezenflasyonun gerektirdi\u011fi s\u0131k\u0131l\u0131\u011f\u0131 sa\u011flayacak \u015fekilde belirleyecektir. Ad\u0131mlar\u0131n b\u00fcy\u00fckl\u00fc\u011f\u00fc, enflasyon g\u00f6r\u00fcn\u00fcm\u00fc odakl\u0131, toplant\u0131 bazl\u0131 ve ihtiyatl\u0131 bir yakla\u015f\u0131mla g\u00f6zden ge\u00e7irilmektedir. Enflasyon g\u00f6r\u00fcn\u00fcm\u00fcn\u00fcn ara hedeflerden belirgin bir bi\u00e7imde ayr\u0131\u015fmas\u0131 durumunda, para politikas\u0131 duru\u015fu s\u0131k\u0131la\u015ft\u0131r\u0131lacakt\u0131r” ifadeleri yer ald\u0131.<\/p>\n

Haftaya pozitif ba\u015flayan ve hafta genelinde al\u0131c\u0131l\u0131 bir seyir izleyerek 11.331 seviyesine kadar y\u00fckselen B\u0130ST100 Endeksi, y\u00fczde 2,76 kazan\u00e7la 11.311,31 puandan haftay\u0131 tamamlad\u0131. 42,54'l\u00fc seviyelerden haftaya ba\u015flayan Dolar\/TL, 42,6966 ile tarihi zirvesini yenilerken Euro\/TL, hafta i\u00e7inde 50,3093 ile rekor k\u0131rd\u0131.<\/p>\n

Yurt d\u0131\u015f\u0131 yerle\u015fik yat\u0131r\u0131mc\u0131lar, 28 Kas\u0131m-5 Aral\u0131k 2025 haftas\u0131nda reel olarak (fiyat ve kur etkisinden ar\u0131nd\u0131r\u0131lm\u0131\u015f) 154,3 milyon dolar hisse senedi al\u0131m\u0131, 23,7 milyon dolar Devlet \u0130\u00e7 Bor\u00e7lanma Senedi (D\u0130BS-Kesin Al\u0131m) sat\u0131\u015f\u0131 ve 108,4 milyon dolar \u00d6zel Sekt\u00f6r Tahvil al\u0131m\u0131 ger\u00e7ekle\u015ftirdi. Ayn\u0131 haftada yurt i\u00e7inde yerle\u015fik ger\u00e7ek ki\u015filerin d\u00f6viz mevduat\u0131 848 milyon dolar artarak 136.176 milyon dolara y\u00fckselirken, t\u00fczel ki\u015filerin d\u00f6viz mevduat\u0131 1.883 milyon dolar azalarak 75.898 milyon dolara geriledi.<\/p>\n

Kur korumal\u0131 mevduat (KKM) hesaplar\u0131 93 milyon dolar azalarak 306 milyon dolar (13 milyar TL) olarak ger\u00e7ekle\u015fti. T\u00fcrkiye\u2019nin dolar bazl\u0131 5 y\u0131l vadeli CDS oran\u0131 250 s\u0131n\u0131r\u0131n\u0131n alt\u0131nda kalmaya devam etti.<\/p>\n

Uzun vadede ne bekliyoruz\u2026 TCMB, 2025 y\u0131l\u0131n\u0131n ilk iki toplant\u0131s\u0131nda politika faizini 250\u2019\u015fer baz puan indirerek y\u00fczde 42,50 seviyesine \u00e7ekti. TCMB politika faizini, 17 Nisan tarihli toplant\u0131s\u0131nda 350 baz puan art\u0131rarak y\u00fczde 46,00 seviyesine y\u00fckseltirken 19 Haziran toplant\u0131s\u0131nda de\u011fi\u015ftirmeyerek y\u00fczde 46 seviyesinde sabit b\u0131rakt\u0131. 24 Temmuz tarihli toplant\u0131da ise 300 baz puan, 11 Eyl\u00fcl tarihli toplant\u0131da 250 baz puan, 23 Ekim tarihli toplant\u0131da 100 baz puan ve 11 Aral\u0131k tarihli toplant\u0131da 150 baz puan indirerek y\u00fczde 38,00\u2019e d\u00fc\u015f\u00fcrd\u00fc.<\/p>\n

Aral\u0131k 2025 tarihli TCMB piyasa kat\u0131l\u0131mc\u0131lar\u0131 anketine g\u00f6re; Kas\u0131m ay\u0131nda y\u00fczde 0,87 artan T\u00dcFE\u2019nin Aral\u0131k ay\u0131nda y\u00fczde 1,08 ve Ocak 2026\u2019da y\u00fczde 3,44, 2025 sonunda y\u00fczde 31,17 ve 2026 sonunda y\u00fczde 23,35 artmas\u0131 beklenmektedir. Yine ayn\u0131 ankette Dolar\/TL\u2019nin 2025 sonunda 43,06 ve 12 ay sonras\u0131nda ise 51,08 olmas\u0131 \u00f6ng\u00f6r\u00fclmektedir. Cari dengenin 2025 sonunda 21,3 milyar dolar, 2026 sonunda ise 25,2 milyar dolar a\u00e7\u0131k vermesi beklenmektedir. GSYH b\u00fcy\u00fcmesinin 2025 ve 2026\u2019da s\u0131ras\u0131yla y\u00fczde 3,5 ve y\u00fczde 3,9 olaca\u011f\u0131 \u00f6ng\u00f6r\u00fclmektedir. TCMB haftal\u0131k repo faizinin 2026 y\u0131l sonunda ise y\u00fczde 28,15 olmas\u0131 beklenmektedir.\u201d<\/p>\n

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

\u0130stanbul, 12 Aral\u0131k (Hibya) \u2013 BMD Ara\u015ft\u0131rma, haftaya pozitif ba\u015flayan ve hafta genelinde al\u0131c\u0131l\u0131 bir seyir izleyerek 11.331 seviyesine kadar y\u00fckselen B\u0130ST100 Endeksinin, y\u00fczde 2,76 kazan\u00e7la 11.311,31 puandan haftay\u0131 tamamlad\u0131\u011f\u0131n\u0131 bildirdi. <\/p>\n","protected":false},"author":1,"featured_media":19698,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAow07ekDA:productID":"","footnotes":""},"categories":[12,4,1],"tags":[],"class_list":["post-19697","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-spor","category-dunya","category-ekonomi"],"_links":{"self":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts\/19697","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=19697"}],"version-history":[{"count":0,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts\/19697\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media\/19698"}],"wp:attachment":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media?parent=19697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/categories?post=19697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/tags?post=19697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}