EROL OYTUN ERCAN<\/strong><\/p>\n T\u00fcrkiye Cumhuriyet Merkez Bankas\u0131\u2019n\u0131n mecbur\u00ee kar\u015f\u0131l\u0131klarda her vadede 200 baz puan art\u0131\u015fa gitmesi piyasalar\u0131 ikiye b\u00f6ld\u00fc. Goldman Sachs ve MUFG \u00fczere kurumlar, bu ad\u0131m\u0131n merkez bankas\u0131n\u0131n ola\u011fan bir faiz art\u0131\u015f\u0131 ile s\u0131k\u0131la\u015ft\u0131rmaya gidemedi\u011fi i\u00e7in at\u0131ld\u0131\u011f\u0131 halinde yorumlanabilece\u011fini belirtirken \u00f6teki g\u00f6r\u00fc\u015fler ise bu karar\u0131n TCMB\u2019nin yapt\u0131\u011f\u0131 faiz art\u0131\u015f\u0131n\u0131n tesirini g\u00fc\u00e7lendirmek emeliyle al\u0131nd\u0131\u011f\u0131n\u0131 d\u00fc\u015f\u00fcn\u00fcyor.<\/p>\n MUFG Geli\u015fen Piyasalar Ara\u015ft\u0131rma M\u00fcd\u00fcr\u00fc Ehsan Khoman, \u201cAktar\u0131m sistemini daha verimli bir hale getirmek i\u00e7in al\u0131nan zarur\u00ee kar\u015f\u0131l\u0131k karar\u0131 daha s\u0131k\u0131 bir para siyaseti i\u00e7in destekleyici.\u201d dedi.<\/p>\n Al\u0131nan karar\u0131n piyasalar taraf\u0131ndan, TCMB\u2019nin siyaset faizi arac\u0131l\u0131\u011f\u0131yla s\u0131k\u0131la\u015ft\u0131rma yapamad\u0131\u011f\u0131 ve bundan \u00f6t\u00fcr\u00fc rezervler arac\u0131l\u0131\u011f\u0131yla bir s\u0131k\u0131la\u015fma yapt\u0131\u011f\u0131 halinde alg\u0131lanabilece\u011fini de belirten Khoman, \u201cT\u00fcrk Liras\u0131\u2019nda \u00e7ar\u015famba g\u00fcn\u00fc ya\u015fanan d\u00fc\u015f\u00fc\u015f bunun bir g\u00f6stergesi.\u201d dedi.<\/p>\n Ortalar\u0131nda Murat \u00dcn\u00fcr\u2019\u00fcn de yer ald\u0131\u011f\u0131 Goldman Sachs International analistleriyse payla\u015ft\u0131klar\u0131 bir notta, kimi piyasa i\u015ftirak\u00e7ilerinin bu ad\u0131m\u0131 merkez bankas\u0131n\u0131n ola\u011fan bir faiz art\u0131\u015f\u0131 ile s\u0131k\u0131la\u015ft\u0131rmaya gidemedi\u011fi i\u00e7in att\u0131\u011f\u0131 bi\u00e7iminde yorumlayabilece\u011fini belirttiler.<\/p>\n “Karar piyasalarda soru i\u015fareti yaratm\u0131\u015f olabilir”<\/b><\/p>\n Rabobank Geli\u015fen Piyasalar Stratejisti Piotr Matys, TCMB\u2019nin T\u00fcrk Liras\u0131\u2019n\u0131 desteklemek i\u00e7in t\u00fcm ara\u00e7lar\u0131 kullanmaya haz\u0131r oldu\u011funu belirterek, \u201cABD Hazine tahvillerindeki y\u00fckseli\u015f ve Berat Albayrak\u2019\u0131n tekrar misyona d\u00f6nece\u011fine dair spek\u00fclasyonlarla artan TL oynakl\u0131\u011f\u0131, TCMB\u2019yi TL\u2019yi desteklemek i\u00e7in siyaset faizine ek olarak fazladan bir likidite s\u0131k\u0131la\u015ft\u0131rmas\u0131 yapmak zorunda b\u0131rakm\u0131\u015f olabilir.\u201d dedi.<\/p>\n Mecbur\u00ee kar\u015f\u0131l\u0131k karar\u0131n\u0131 Bloomberg HT Piyasa \u00c7izgisi program\u0131nda k\u0131ymetlendiren Econs Dan\u0131\u015fmanl\u0131k Kurucu Orta\u011f\u0131 Ferhat Y\u00fckselt\u00fcrk ise \u201cBu son a\u00e7\u0131klamalar ister istemez sanki erken faiz indirimine gidicez mi? Faiz art\u0131rmaktan fazla zarur\u00ee kar\u015f\u0131l\u0131klarla, \u015fu anda yan yollarla kurlar\u0131 denetim alt\u0131nda<\/b> tutmak i\u00e7in bir aksiyon al\u0131nmaya m\u0131 \u00e7al\u0131\u015f\u0131l\u0131yor? \u00dczere soru i\u015faretleri yaratm\u0131\u015f olabilir piyasalarda.\u201d dedi.<\/p>\n “Zorunlu de\u011fil sorunlu”<\/b><\/p>\n Oanda K\u0131demli Piyasa Analisti Craig Erlam ise al\u0131nan zarur\u00ee kar\u015f\u0131l\u0131k karar\u0131n\u0131n geleneksek s\u0131k\u0131la\u015fma siyasetleriyle uyumlu oldu\u011funu ve karar\u0131 ge\u00e7mi\u015fteki siyasetlerle k\u0131yaslamak i\u00e7in \u015fimdi erken olabilece\u011fini belirtti.<\/p>\n \u201cCumhurba\u015fkan\u0131 Erdo\u011fan\u2019\u0131n eski hazine ve maliye bakan\u0131 ile ilgili a\u00e7\u0131klamalar\u0131 tasa yaratabilir lakin \u015fu an bir sonuca varmak i\u00e7in erken ve bunun ger\u00e7ekle\u015fece\u011fine dair bir ispat yok.\u201d diyen Erlam, y\u00fcksek enflasyona kar\u015f\u0131 bu usul s\u0131k\u0131la\u015fmalar\u0131n daha fazla yayg\u0131nla\u015fmas\u0131 gerekti\u011fini vurgulad\u0131.<\/p>\n B\u00fcr\u00fcmcek\u00e7i Dan\u0131\u015fmanl\u0131k Kurucusu Haluk B\u00fcr\u00fcmcek\u00e7i ise karar ile ilgili \u201czorunlu de\u011fil sorunlu\u201d ba\u015fl\u0131kl\u0131 bir not payla\u015ft\u0131.<\/p>\n B\u00fcr\u00fcmcek\u00e7i payla\u015ft\u0131\u011f\u0131 notta, \u201cSon PPK toplant\u0131s\u0131nda faizi sabit b\u0131rakan TCMB\u2019nin ekonomik aktivitenin g\u00fc\u00e7l\u00fc seyrini yava\u015flatma maksatl\u0131 olarak makro ihtiyati s\u0131k\u0131la\u015fmay\u0131 tercih etmesi, piyasa oyuncular\u0131 taraf\u0131ndan eski periyotta oldu\u011fu \u00fczere faiz silah\u0131n\u0131 kullanmak yerine yan yollar\u0131 tercih ediyor alg\u0131lamas\u0131n\u0131 g\u00fc\u00e7lendirebilir.\u201d dedi.<\/p>\n TCMB’nin karar\u0131 neleri de\u011fi\u015ftirdi?<\/b><\/p>\n T\u00fcrkiye Cumhuriyet Merkez Bankas\u0131, zarur\u00ee kar\u015f\u0131l\u0131klarda her vadede 200 baz puan art\u0131\u015fa gitti.<\/p>\n Resmi Gazete\u2019de yay\u0131mlanan karara nazaran, yurtd\u0131\u015f\u0131 banka mevduatlar\u0131 ve i\u015ftirak fonlar\u0131 hari\u00e7 1 y\u0131l ve 1 y\u0131ldan uzun vadeli mevduat\/kat\u0131l\u0131m fonlar\u0131 i\u00e7in mecbur\u00ee kar\u015f\u0131l\u0131k oran\u0131 y\u00fczde 3 olurken, 1 y\u0131la kadar vadeliler i\u00e7in y\u00fczde 4, vadesi 6 aya kadar olanlar i\u00e7in y\u00fczde 6 oldu.<\/p>\n Yurtd\u0131\u015f\u0131 bankalar\u0131n dahil oldu\u011fu mevduat ve i\u015ftirak fonlar\u0131nda ise mecbur\u00ee kar\u015f\u0131l\u0131k oranlar\u0131 1 y\u0131la kadar y\u00fczde 8 olurken, 3 y\u0131la kadar vadelilerde y\u00fczde 5,5 oldu. 3 y\u0131ldan uzun vadelilerde ise mecbur\u00ee kar\u015f\u0131l\u0131k oranlar\u0131 y\u00fczde 3 olarak de\u011fi\u015ftirildi.<\/p>\n<\/p>\n Bloomberg HT<\/span><\/p>\n","protected":false},"excerpt":{"rendered":" EROL OYTUN ERCAN T\u00fcrkiye Cumhuriyet Merkez Bankas\u0131\u2019n\u0131n mecbur\u00ee kar\u015f\u0131l\u0131klarda her vadede 200 baz puan art\u0131\u015fa gitmesi piyasalar\u0131 ikiye b\u00f6ld\u00fc …<\/p>\n","protected":false},"author":1,"featured_media":25433,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[78,703,1307,1351],"class_list":["post-25432","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ekonomi","tag-banka","tag-karari","tag-siki","tag-zorunlu-karsilik"],"yoast_head":"\n