\u0130kon Menkul’\u00fcn raporunda Avrupa Merkez Bankas\u0131’n\u0131n (ECB), Mart toplant\u0131s\u0131nda beklentilere paralel \u015fekilde \u00fc\u00e7 temel politika faizini sabit b\u0131rakt\u0131\u011f\u0131 belirtildi. Raporda \u015fu ifadelere yer verildi:<\/p>\n
“Mevduat faizi y\u00fczde 2,00, ana refinansman faizi y\u00fczde 2,15 ve marjinal fonlama faizi y\u00fczde 2,40 seviyelerinde korunurken, karar metninde jeopolitik geli\u015fmelerin etkisinin belirgin \u015fekilde artt\u0131\u011f\u0131 g\u00f6r\u00fcld\u00fc.<\/p>\n
Karar metninde en dikkat \u00e7ekici de\u011fi\u015fim, Orta Do\u011fu\u2019daki sava\u015f\u0131n makro g\u00f6r\u00fcn\u00fcm \u00fczerindeki etkisine yap\u0131lan g\u00fc\u00e7l\u00fc vurgu oldu. ECB, \u00e7at\u0131\u015fman\u0131n enerji fiyatlar\u0131 \u00fczerinden enflasyon \u00fczerinde yukar\u0131 y\u00f6nl\u00fc risk olu\u015fturdu\u011funu, buna kar\u015f\u0131n b\u00fcy\u00fcme g\u00f6r\u00fcn\u00fcm\u00fcn\u00fc a\u015fa\u011f\u0131 \u00e7ekti\u011fini a\u00e7\u0131k \u015fekilde ifade etti. Bu \u00e7er\u00e7evede banka, politika duru\u015funu de\u011fi\u015ftirmese de risk dengesinin belirgin bi\u00e7imde bozuldu\u011funu kabul etmi\u015f durumda.<\/p>\n
G\u00fcncellenen makro projeksiyonlar bu tabloyu net \u015fekilde yans\u0131t\u0131yor. 2026 y\u0131l\u0131 enflasyon beklentisi y\u00fczde 1,9\u2019dan y\u00fczde 2,6\u2019ya revize edilirken, \u00e7ekirdek enflasyon tahminleri de yukar\u0131 y\u00f6nl\u00fc g\u00fcncellendi. Buna kar\u015f\u0131l\u0131k b\u00fcy\u00fcme beklentisi y\u00fczde 1,2\u2019den y\u00fczde 0,9\u2019a \u00e7ekildi. ECB, \u00f6zellikle enerji fiyatlar\u0131ndaki art\u0131\u015f\u0131n yaln\u0131zca do\u011frudan de\u011fil, ikinci tur etkiler \u00fczerinden de fiyat bask\u0131lar\u0131n\u0131 art\u0131rabilece\u011fine dikkat \u00e7ekiyor.<\/p>\n
ECB ayr\u0131ca alternatif senaryo analizlerine yer vererek, enerji arz\u0131nda daha uzun s\u00fcreli bir bozulman\u0131n enflasyonu baz senaryonun \u00fczerine ta\u015f\u0131yabilece\u011fini ve b\u00fcy\u00fcmeyi daha da zay\u0131flatabilece\u011fini vurgulad\u0131. Bu, bankan\u0131n riskleri art\u0131k daha geni\u015f bir da\u011f\u0131l\u0131m i\u00e7inde de\u011ferlendirdi\u011fini g\u00f6steriyor.<\/p>\n
\u0130leriye d\u00f6n\u00fck y\u00f6nlendirme taraf\u0131nda ise ECB\u2019nin temkinli ve veri odakl\u0131 duru\u015funu korudu\u011fu g\u00f6r\u00fcl\u00fcyor. Banka, herhangi bir faiz patikas\u0131na \u00f6nceden ba\u011fl\u0131 kalmayaca\u011f\u0131n\u0131 yinelerken, kararlar\u0131n toplant\u0131 bazl\u0131 ve gelen veriye ba\u011fl\u0131 olarak \u015fekillenece\u011fini vurgulad\u0131.<\/p>\n
ECB Ba\u015fkan\u0131 Lagarde da bas\u0131n toplant\u0131s\u0131nda benzer bir \u00e7er\u00e7eve \u00e7izdi. Enflasyon risklerinin yukar\u0131 y\u00f6nl\u00fc, b\u00fcy\u00fcme risklerinin ise a\u015fa\u011f\u0131 y\u00f6nl\u00fc oldu\u011funu belirten Lagarde, \u00f6zellikle enerji fiyatlar\u0131n\u0131n kal\u0131c\u0131l\u0131\u011f\u0131na dikkat \u00e7ekti. Piyasada faiz art\u0131\u015f beklentileri korunurken, fiyatlamalarda s\u0131n\u0131rl\u0131 bir geri \u00e7ekilme g\u00f6zlendi.<\/p>\n
Genel resimde ECB, politika faizlerini sabit tutarak bekle-g\u00f6r stratejisini s\u00fcrd\u00fcrse de, artan enerji fiyatlar\u0131 ve jeopolitik riskler nedeniyle daha \u015fahin bir risk de\u011ferlendirmesine ge\u00e7ti\u011fini net bi\u00e7imde ortaya koyuyor.”<\/p>\n
<\/strong> \u0130stanbul, 19 Mart (Hibya)- \u0130kon Menkul, Avrupa Merkez Bankas\u0131’n\u0131n (ECB), Mart toplant\u0131s\u0131nda beklentilere paralel \u015fekilde \u00fc\u00e7 temel politika faizini sabit b\u0131rakt\u0131\u011f\u0131n\u0131 bildirdi. <\/p>\n","protected":false},"author":1,"featured_media":63720,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAow07ekDA:productID":"","footnotes":""},"categories":[1,9],"tags":[],"class_list":["post-63719","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ekonomi","category-manset"],"_links":{"self":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts\/63719","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=63719"}],"version-history":[{"count":0,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts\/63719\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media\/63720"}],"wp:attachment":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media?parent=63719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/categories?post=63719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/tags?post=63719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nEKONOM\u0130 GAZETES\u0130 <\/p>\n","protected":false},"excerpt":{"rendered":"