{"id":60428,"date":"2026-03-12T15:00:22","date_gmt":"2026-03-12T12:00:22","guid":{"rendered":"https:\/\/ekonomigundemi.com.tr\/index.php\/2026\/03\/12\/jeopolitik-riskler-enflasyon-gorunumunde-yeni-baslik-olusturuyor"},"modified":"2026-03-12T15:00:22","modified_gmt":"2026-03-12T12:00:22","slug":"jeopolitik-riskler-enflasyon-gorunumunde-yeni-baslik-olusturuyor","status":"publish","type":"post","link":"https:\/\/ekonomigundemi.com.tr\/index.php\/2026\/03\/12\/jeopolitik-riskler-enflasyon-gorunumunde-yeni-baslik-olusturuyor\/","title":{"rendered":"Jeopolitik riskler enflasyon g\u00f6r\u00fcn\u00fcm\u00fcnde yeni ba\u015fl\u0131k olu\u015fturuyor"},"content":{"rendered":"

Ahlatc\u0131 Yat\u0131r\u0131m’\u0131n analizine g\u00f6re, kurul ayr\u0131ca gecelik bor\u00e7 verme faiz oran\u0131n\u0131 y\u00fczde 40, gecelik bor\u00e7lanma faiz oran\u0131n\u0131 ise y\u00fczde 35,5 seviyesinde korudu.<\/p>\n

Ahlatc\u0131 Yat\u0131r\u0131m\u2019\u0131n analizine g\u00f6re, TCMB ocak ay\u0131nda politika faizini y\u00fczde 38\u2019den y\u00fczde 37\u2019ye indirerek piyasa beklentilerinin alt\u0131nda kalan 100 baz puanl\u0131k bir ad\u0131m atm\u0131\u015ft\u0131. Kas\u0131m ve aral\u0131k aylar\u0131nda ayl\u0131k enflasyonun y\u00fczde 1\u2019in alt\u0131nda ger\u00e7ekle\u015fmesi para politikas\u0131nda alan yaratm\u0131\u015f olsa da, \u00f6zellikle g\u0131da fiyatlar\u0131n\u0131n ilerleyen d\u00f6nemde y\u00fcksek seyretme ihtimali nedeniyle Merkez Bankas\u0131 daha ihtiyatl\u0131 bir indirime y\u00f6nelmi\u015fti. Nitekim y\u0131l\u0131n ilk iki ay\u0131nda a\u00e7\u0131klanan enflasyon verilerinde g\u0131da kaleminin yukar\u0131 y\u00f6nl\u00fc katk\u0131s\u0131n\u0131n belirginle\u015fti\u011fi ifade edildi.<\/p>\n

Analizde, TCMB Ba\u015fkan\u0131 Fatih Karahan\u2019\u0131n 2026 y\u0131l\u0131n\u0131n ilk Enflasyon Raporu sunumunda enflasyon g\u00f6r\u00fcn\u00fcm\u00fcne ili\u015fkin a\u015f\u0131r\u0131 k\u00f6t\u00fcmser olunmamas\u0131 gerekti\u011fini vurgulad\u0131\u011f\u0131 ve mart ile nisan aylar\u0131nda daha olumlu bir enflasyon patikas\u0131n\u0131n g\u00f6r\u00fclebilece\u011fine i\u015faret etti\u011fi hat\u0131rlat\u0131ld\u0131. Ancak son d\u00f6nemde ABD-\u0130srail-\u0130ran hatt\u0131nda artan jeopolitik gerilimin enerji fiyatlar\u0131nda belirgin y\u00fckseli\u015fe neden oldu\u011fu ve bunun enflasyon g\u00f6r\u00fcn\u00fcm\u00fc a\u00e7\u0131s\u0131ndan yeni bir risk ba\u015fl\u0131\u011f\u0131 olu\u015fturdu\u011fu de\u011ferlendirildi.<\/p>\n

Karar metninde de jeopolitik geli\u015fmeler nedeniyle k\u00fcresel risk i\u015ftah\u0131nda bozulma ve enerji fiyatlar\u0131nda art\u0131\u015f g\u00f6zlendi\u011finin vurguland\u0131\u011f\u0131n\u0131 belirten Ahlatc\u0131 Yat\u0131r\u0131m, bu unsurlar\u0131n enflasyon \u00fczerindeki risklerini s\u0131n\u0131rlamak amac\u0131yla s\u0131k\u0131 para politikas\u0131n\u0131 destekleyici kararlar\u0131n ve maliye politikas\u0131yla e\u015fg\u00fcd\u00fcml\u00fc tedbirlerin devreye al\u0131nd\u0131\u011f\u0131n\u0131 ifade etti. Bu kapsamda akaryak\u0131t fiyatlar\u0131nda ge\u00e7ici olarak e\u015fel mobil sisteminin uygulanmas\u0131n\u0131n maliye politikas\u0131yla koordinasyona \u00f6rnek oldu\u011fu de\u011ferlendirildi.<\/p>\n

Ahlatc\u0131 Yat\u0131r\u0131m\u2019a g\u00f6re karar metninde \u00f6nceki Para Politikas\u0131 Kurulu karar\u0131na k\u0131yasla \u00f6ne \u00e7\u0131kan de\u011fi\u015fiklik, \u201cenflasyon g\u00f6r\u00fcn\u00fcm\u00fcnde belirgin ve kal\u0131c\u0131 bir bozulma olmas\u0131 durumunda para politikas\u0131 duru\u015funun s\u0131k\u0131la\u015ft\u0131r\u0131laca\u011f\u0131\u201d ifadesinde yer alan \u201ckal\u0131c\u0131l\u0131k\u201d vurgusu oldu. Bununla birlikte analizde, karar metninin genel tonunun belirgin \u015fekilde \u015fahinle\u015fmedi\u011fi ve \u00f6nceki metne b\u00fcy\u00fck \u00f6l\u00e7\u00fcde benzer bir \u00e7er\u00e7evenin korundu\u011fu belirtildi.<\/p>\n

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

\u0130stanbul, 12 Mart (Hibya) – Ahlatc\u0131 Yat\u0131r\u0131m, T\u00fcrkiye Cumhuriyet Merkez Bankas\u0131 (TCMB) Para Politikas\u0131 Kurulu\u2019nun son faiz karar\u0131na ili\u015fkin de\u011ferlendirmesinde, politika faizinin y\u00fczde 37 seviyesinde sabit b\u0131rak\u0131ld\u0131\u011f\u0131n\u0131 hat\u0131rlatt\u0131. <\/p>\n","protected":false},"author":1,"featured_media":60429,"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-60428","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\/60428","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=60428"}],"version-history":[{"count":0,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts\/60428\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media\/60429"}],"wp:attachment":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media?parent=60428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/categories?post=60428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/tags?post=60428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}