T\u00fcrkiye Cumhuriyet Merkez Bankas\u0131 (TCMB) siyaset faizinin y\u00fczde 17’de sabit tutuldu\u011fu ve s\u0131k\u0131la\u015ft\u0131rma taraf\u0131ndaki bildirilerin korundu\u011fu toplant\u0131n\u0131n \u00f6zetlerinde faizin politikay\u0131 belirleyen yegane ara\u00e7 oldu\u011funu belirtti.<\/p>\n

\u00d6zetlerde kal\u0131c\u0131 fiyat istikrar\u0131 ve y\u00fczde 5 amac\u0131na var\u0131ncaya kadar, para siyaseti faizi ile ger\u00e7ekle\u015fen\/beklenen enflasyon ortas\u0131ndaki istikrar\u0131n, g\u00fc\u00e7l\u00fc dezenflasyonist etkiyi koruyacak formda kararl\u0131l\u0131kla s\u00fcrd\u00fcr\u00fclece\u011fi tabir edildi.<\/p>\n

\u00d6zetlerde “S\u0131k\u0131 para siyaseti duru\u015funun bu formda s\u00fcrd\u00fcr\u00fclmesinin, fiyat istikrar\u0131n\u0131 kal\u0131c\u0131 olarak tesis etmesinin yan\u0131nda, \u00fclke risk primlerinin d\u00fc\u015fmesi, aksi para ikamesinin ba\u015flamas\u0131, D\u00f6viz rezervlerinin art\u0131\u015f e\u011filimine girmesi ve finansman maliyetlerinin kal\u0131c\u0131 olarak gerilemesi yoluyla makroekonomik ve finansal istikrar\u0131 olumlu etkileyece\u011fi de\u011ferlendirilmi\u015ftir.” tabirleri yer ald\u0131. <\/p>\n

\u00d6zetlerde mecbur\u00ee kar\u015f\u0131l\u0131k vurgusu dikkat \u00e7ekti<\/b><\/p>\n

TCMB toplant\u0131 \u00f6zetlerinde zarur\u00ee kar\u015f\u0131l\u0131klara ait vurgular dikkat \u00e7ekti. \u00d6zetlerde yak\u0131n periyotta kredi ve mevduat faizlerinde bir \u00f6l\u00e7\u00fc d\u00fc\u015f\u00fc\u015f g\u00f6zlendi\u011fi, nakd\u00ee transfer sisteminin aktifli\u011fini art\u0131rmak i\u00e7in T\u00fcrk liras\u0131 mecbur\u00ee kar\u015f\u0131l\u0131klarda art\u0131\u015f yap\u0131lmas\u0131 muhta\u00e7l\u0131\u011f\u0131 oldu\u011fu belirtildi.<\/p>\n

Bu bahiste \u00f6zetlerde \u015fu tabirler yer ald\u0131: Para siyaseti duru\u015funun para piyasalar\u0131na yans\u0131malar\u0131 mercek alt\u0131na al\u0131nm\u0131\u015ft\u0131r. Yak\u0131n periyotta kredi ve mevduat faizlerinde bir \u00f6l\u00e7\u00fc d\u00fc\u015f\u00fc\u015f g\u00f6zlenmi\u015ftir. Heyet, mali transfer d\u00fczene\u011finin aktifli\u011fini art\u0131rmak i\u00e7in T\u00fcrk liras\u0131 mecbur\u00ee kar\u015f\u0131l\u0131klarda art\u0131\u015f yap\u0131lmas\u0131 gereksinimi oldu\u011funu belirtmi\u015ftir. Yeniden t\u0131pk\u0131 gayeyle, zarur\u00ee kar\u015f\u0131l\u0131klar\u0131n d\u00f6viz ve alt\u0131n cinsinden tesis edilmesine imk\u00e2n veren Rezerv Opsiyonu Sistemi d\u00e2hilindeki oranlar\u0131n a\u015fa\u011f\u0131 \u00e7ekilmesi hususu tart\u0131\u015f\u0131lm\u0131\u015ft\u0131r. \u015eura, nakd\u00ee duru\u015fun belirlenmesinde kullan\u0131lan yeg\u00e2ne arac\u0131n siyaset faiz oran\u0131 oldu\u011funu, zarur\u00ee kar\u015f\u0131l\u0131k oranlar\u0131n\u0131n ise siyaset faiziyle belirlenen mali duru\u015fun mevduat, kredi ve \u00f6teki para piyasalar\u0131na transferini etkileyen bir ara\u00e7 oldu\u011funu vurgulam\u0131\u015ft\u0131r. <\/p>\n

Zarur\u00ee kar\u015f\u0131l\u0131k at\u0131l\u0131m\u0131 piyasay\u0131 ikiye b\u00f6lm\u00fc\u015ft\u00fc<\/b><\/p>\n

T\u00fcrkiye Cumhuriyet Merkez Bankas\u0131\u2019n\u0131n zarur\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 bi\u00e7iminde yorumlanabilece\u011fini belirtirken ba\u015fka g\u00f6r\u00fc\u015fler ise bu karar\u0131n TCMB\u2019nin yapt\u0131\u011f\u0131 faiz art\u0131\u015f\u0131n\u0131n tesirini g\u00fc\u00e7lendirmek gayesiyle 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 d\u00fczene\u011fini daha verimli bir hale getirmek i\u00e7in al\u0131nan mecbur\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 formunda 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 formunda yorumlayabilece\u011fini belirttiler.<\/p>\n

Bloomberg HT’ye \u00f6zel r\u00f6portaj veren \u0130\u015f Bankas\u0131 Genel M\u00fcd\u00fcr\u00fc Adnan Bali de mecbur\u00ee kar\u015f\u0131l\u0131k ata\u011f\u0131n\u0131n para siyaseti setiyle uyumlu oldu\u011funu s\u00f6ylemi\u015fti.<\/p>\n<\/p>\n

Bloomberg HT<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

T\u00fcrkiye Cumhuriyet Merkez Bankas\u0131 (TCMB) siyaset faizinin y\u00fczde 17’de sabit tutuldu\u011fu ve s\u0131k\u0131la\u015ft\u0131rma taraf\u0131ndaki bildirilerin korundu\u011fu …<\/p>\n","protected":false},"author":1,"featured_media":25463,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[281,108,1307,286,1351],"class_list":["post-25462","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ekonomi","tag-artis","tag-para","tag-siki","tag-turk","tag-zorunlu-karsilik"],"yoast_head":"\n