{"id":87376,"date":"2026-05-20T09:00:03","date_gmt":"2026-05-20T06:00:03","guid":{"rendered":"https:\/\/ekonomigundemi.com.tr\/index.php\/2026\/05\/20\/kanadadan-gelen-hamleler-kuresel-faiz-patikasini-sekillendiriyor"},"modified":"2026-05-20T09:00:03","modified_gmt":"2026-05-20T06:00:03","slug":"kanadadan-gelen-hamleler-kuresel-faiz-patikasini-sekillendiriyor","status":"publish","type":"post","link":"https:\/\/ekonomigundemi.com.tr\/index.php\/2026\/05\/20\/kanadadan-gelen-hamleler-kuresel-faiz-patikasini-sekillendiriyor\/","title":{"rendered":"Kanada\u2019dan gelen hamleler k\u00fcresel faiz patikas\u0131n\u0131 \u015fekillendiriyor"},"content":{"rendered":"<p>Pusula Yat\u0131r\u0131m taraf\u0131ndan yay\u0131mlanan yurt d\u0131\u015f\u0131 piyasalar g\u00fcnl\u00fck b\u00fclteninde; H\u00fcrm\u00fcz Bo\u011faz\u0131&#8217;ndaki t\u0131kan\u0131kl\u0131k sebebiyle \u00c7in&#8217;in petrol ithalat\u0131n\u0131n yar\u0131s\u0131 ile s\u0131v\u0131la\u015ft\u0131r\u0131lm\u0131\u015f do\u011falgaz arz\u0131n\u0131n \u00fc\u00e7te birinin kesintiye u\u011frad\u0131\u011f\u0131 belirtildi.\u00a0<\/p>\n<p>Bu geli\u015fmeyle birlikte, Rusya&#8217;n\u0131n Yamal sahalar\u0131ndan Mo\u011folistan \u00fczerinden \u00c7in&#8217;e y\u0131ll\u0131k 50 milyar metrek\u00fcp gaz ta\u015f\u0131mas\u0131 planlanan 2.600 kilometrelik Sibirya&#8217;n\u0131n G\u00fcc\u00fc 2 do\u011falgaz boru hatt\u0131 projesinin taraflar aras\u0131nda kritik bir \u00f6ncelik kazand\u0131\u011f\u0131 aktar\u0131ld\u0131. Eyl\u00fcl 2025&#8217;te ba\u011flay\u0131c\u0131 bir memorandum imzalanm\u0131\u015f olmas\u0131na ra\u011fmen \u00c7in&#8217;in bin metrek\u00fcp ba\u015f\u0131na 120-130 dolar civar\u0131ndaki yerel fiyat tarifesinde diretmesi, Moskova&#8217;n\u0131n ise bu rakam\u0131 ikiye katlayan Sibirya&#8217;n\u0131n G\u00fcc\u00fc 1 \u015fartlar\u0131na yak\u0131n bir fiyat talep etmesi nedeniyle finansman ve teslimat takviminin hen\u00fcz netle\u015fmedi\u011fi ifade edildi.\u00a0<\/p>\n<p>Ukrayna s\u00fcreci sonras\u0131 Avrupa&#8217;ya gaz ihracat\u0131 y\u00fczde 44 gerileyen Gazprom i\u00e7in tek bir al\u0131c\u0131ya ba\u011f\u0131ml\u0131l\u0131k riski do\u011farken; deniz yolu risklerinden ka\u00e7\u0131nmak isteyen \u00c7in i\u00e7in de Rusya&#8217;ya ba\u011f\u0131ml\u0131l\u0131k riski bar\u0131nd\u0131ran bu projenin, 2025 y\u0131l\u0131nda \u00c7in&#8217;e 38 milyar metrek\u00fcp gaz ta\u015f\u0131yan mevcut ilk hatt\u0131 tamamlay\u0131c\u0131 nitelikte oldu\u011fu kaydedildi. \u00c7in&#8217;in elindeki 92 g\u00fcnl\u00fck ham petrol stoku, y\u0131l\u0131n ilk d\u00f6rt ay\u0131nda y\u00fczde 2,7 artan yerel gaz \u00fcretimi ve Orta Asya hatlar\u0131n\u0131n Pekin&#8217;in pazarl\u0131k masas\u0131ndaki elini g\u00fc\u00e7l\u00fc tuttu\u011fu vurguland\u0131.<\/p>\n<p>Merkez bankalar\u0131n\u0131n hamlelerine de yer verilen b\u00fcltende, Avustralya Merkez Bankas\u0131&#8217;n\u0131n (RBA) nisan ay\u0131 kurul toplant\u0131s\u0131 tutanaklar\u0131n\u0131n, dokuz \u00fcyeden sekizinin politika faizini y\u00fczde 4,10&#8217;dan y\u00fczde 4,35 seviyesine y\u00fckseltme y\u00f6n\u00fcnde oy kulland\u0131\u011f\u0131n\u0131 ortaya koydu\u011fu bildirildi. Bu kararla 2025 y\u0131l\u0131ndaki gev\u015feme ad\u0131mlar\u0131n\u0131n tamamen geri al\u0131nd\u0131\u011f\u0131, K\u00f6rfez b\u00f6lgesindeki \u00e7at\u0131\u015fmalar\u0131n tetikledi\u011fi arz y\u00f6nl\u00fc \u015foklar ve Brent petrol\u00fcn varil ba\u015f\u0131na 110 dolar civar\u0131nda seyretmesi nedeniyle \u00e7ekirdek enflasyonun uzun s\u00fcre hedef \u00fczerinde kalaca\u011f\u0131n\u0131n \u00f6ng\u00f6r\u00fcld\u00fc\u011f\u00fc aktar\u0131ld\u0131.<\/p>\n<p>Karara kar\u015f\u0131 \u00e7\u0131kan tek \u00fcyenin, uzayan sava\u015f\u0131n enflasyondan ziyade i\u00e7 talebi vurabilece\u011fini savunmas\u0131na ra\u011fmen piyasalar\u0131n bankan\u0131n hamlesini hakl\u0131 bularak a\u011fustos ay\u0131nda yeni bir faiz art\u0131\u015f\u0131 olas\u0131l\u0131\u011f\u0131n\u0131 y\u00fczde 75 olarak fiyatlamaya ba\u015flad\u0131\u011f\u0131 ve tavan faiz beklentisini y\u00fczde 4,60 ile y\u00fczde 4,85 aral\u0131\u011f\u0131na ta\u015f\u0131d\u0131\u011f\u0131 ifade edildi.<\/p>\n<p>Kanada taraf\u0131nda ise nisan ay\u0131 y\u0131ll\u0131k t\u00fcketici fiyat endeksinin (T\u00dcFE) y\u00fczde 3,1&#8217;lik piyasa beklentisinin alt\u0131nda kalarak y\u00fczde 2,8 seviyesinde ger\u00e7ekle\u015fti\u011fi b\u00fcltende payla\u015f\u0131ld\u0131. Bu verinin, \u015fubat ay\u0131ndaki y\u00fczde 1,8&#8217;lik orandan bu yana devam eden y\u00fckseli\u015fe ra\u011fmen enflasyonun kontrol d\u0131\u015f\u0131na \u00e7\u0131kmad\u0131\u011f\u0131n\u0131 ve Kanada Merkez Bankas\u0131&#8217;n\u0131n y\u00fczde 3,00 civar\u0131ndaki hedef \u00fcst s\u0131n\u0131r\u0131n\u0131n alt\u0131nda kald\u0131\u011f\u0131n\u0131 g\u00f6sterdi\u011fi belirtildi.\u00a0<\/p>\n<p>Son toplant\u0131s\u0131nda faiz oran\u0131n\u0131 y\u00fczde 2,25 seviyesinde sabit tutan Kanada Merkez Bankas\u0131&#8217;n\u0131n s\u0131k\u0131la\u015fma bask\u0131s\u0131n\u0131n hafifledi\u011fi, buna kar\u015f\u0131l\u0131k Fed g\u00f6sterge faizinin y\u00fczde 3,75 seviyesinde bulunmas\u0131 ve y\u0131l sonuna do\u011fru yeni bir faiz art\u0131\u015f\u0131 olas\u0131l\u0131\u011f\u0131n\u0131n g\u00fcndeme gelmesinin iki \u00fclke aras\u0131ndaki faiz makas\u0131n\u0131 geni\u015fletti\u011fi kaydedildi. Bu ayr\u0131\u015fman\u0131n tahvil piyasas\u0131nda da kendisini hissettirdi\u011fi; ABD 10 y\u0131ll\u0131k tahvil getirileri y\u00fczde 4,7 yak\u0131nlar\u0131na ula\u015f\u0131rken, Kanada 10 y\u0131ll\u0131k tahvillerinin y\u00fczde 3,7 seviyelerinde kald\u0131\u011f\u0131, bu durumun daha y\u00fcksek getiri sunan ABD dolar\u0131 varl\u0131klar\u0131na olan talebi art\u0131rarak k\u0131sa vadede Kanada dolar\u0131 \u00fczerinde de\u011fer kayb\u0131 bask\u0131s\u0131 yaratt\u0131\u011f\u0131 \u00f6ng\u00f6r\u00fcs\u00fcne yer verildi.<\/p>\n<p> <strong><\/strong><br \/>\nEKONOM\u0130 GAZETES\u0130 <\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u0130stanbul, 20 May\u0131s (Hibya) \u2013 Pusula Yat\u0131r\u0131m, Rusya Devlet Ba\u015fkan\u0131 Vladimir Putin ile \u00c7in Lideri Xi Jinping&#8217;in Pekin&#8217;deki g\u00f6r\u00fc\u015fmesinde, \u015fubat ay\u0131nda ba\u015flayan ABD-\u0130ran sava\u015f\u0131 nedeniyle H\u00fcrm\u00fcz Bo\u011faz\u0131&#8217;n\u0131n kapanmas\u0131n\u0131n ard\u0131ndan stratejik boru hatt\u0131 projesinin yeniden en \u00f6nemli g\u00fcndem maddesi haline geldi\u011fini bildirdi.<\/p>\n","protected":false},"author":1,"featured_media":87377,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAow07ekDA:productID":"","footnotes":""},"categories":[4,1],"tags":[],"class_list":["post-87376","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dunya","category-ekonomi"],"_links":{"self":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts\/87376","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=87376"}],"version-history":[{"count":0,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts\/87376\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media\/87377"}],"wp:attachment":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media?parent=87376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/categories?post=87376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/tags?post=87376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}