Merkez Bankas\u0131 bug\u00fcn a\u00e7\u0131klanan karar\u0131 ile 200 baz puan indirerek y\u00fczde 18\u2019den 16\u2019ye \u00e7ekti. Eyl\u00fcl ay\u0131nda politika faizini 100 baz puan indirmesi sonras\u0131 ge\u00e7en bir ayl\u0131k s\u00fcrede dolar kuru 9.30’a, 10 y\u0131ll\u0131k tahvil faizi y\u00fczde 20’ye, CDS ise 450 \u00fczerine \u00e7\u0131km\u0131\u015ft\u0131. Bug\u00fcn al\u0131nan faiz indiriminin ard\u0131ndan ise piyasa da alt\u0131n ve dolar fiyatlar\u0131 yeniden hareketlendi. Dolar 9.40\u2019\u0131 a\u015ft\u0131.<\/p>\n
\u201c200 PUAN BEKLENT\u0130LER\u0130N \u00c7OK \u00dcZER\u0130NDE\u201d<\/strong><\/p>\n Alt\u0131nba\u015f \u00dcniversitesi \u00d6\u011fr. \u00dcy. Do\u00e7. Dr. Atilla \u00c7ifter, son d\u00f6nemde Para Politikas\u0131 Kurulu \u00fcyeleri aras\u0131nda de\u011fi\u015fikli\u011fe gidilmesi ve sonras\u0131ndaki geli\u015fmeler ile Merkez Bankas\u0131’n\u0131n faiz indirmeye devam edece\u011finin i\u015faretlerini verdi\u011fini dile getirdi. Do\u00e7. Dr. \u00c7ifter, \u201cAncak yine de Merkez Bankas\u0131’n\u0131n politika faizini 50-75 baz puan aral\u0131\u011f\u0131nda indirece\u011fi \u00f6ng\u00f6r\u00fcs\u00fc \u00f6ne \u00e7\u0131k\u0131yordu, oysa beklentilerin \u00e7ok \u00fczerinde 200 baz puan indirdi\u011fini s\u00f6yledi\u201d ifadelerini kulland\u0131.<\/p>\n Karar sonras\u0131 dolar kurunun 9.40’\u0131 a\u015ft\u0131\u011f\u0131na dikkat \u00e7eken Do\u00e7. Dr. Atilla \u00c7ifter, \u201cKarar metninde 200 baz puan indirime yol a\u00e7an neden tam olarak anla\u015f\u0131lmasa da “g\u00fc\u00e7l\u00fc parasal s\u0131k\u0131la\u015ft\u0131rman\u0131n krediler ve i\u00e7 talep \u00fczerindeki yava\u015flat\u0131c\u0131 etkileri devam etmektedir” ifadesi ile faiz indirimi karar\u0131 uyumlu de\u011fil\u201d de\u011ferlendirmelerinde bulundu.<\/p>\n Do\u00e7. Dr. \u00c7ifter, \u201cBir \u00f6nceki 100 baz puanl\u0131k faiz indirimden sonra ge\u00e7en bir ayl\u0131k s\u00fcrede 10 y\u0131ll\u0131k tahvil faizi y\u00fczde 20’ye \u00e7\u0131karken risk primi g\u00f6stergesi olan 5 y\u0131ll\u0131k kredi temerr\u00fct swap’\u0131 (CDS) 450 \u00fczerine \u00e7\u0131km\u0131\u015f ve dolar kuru 9.30’u a\u015fm\u0131\u015ft\u0131. 200 baz puanl\u0131k indirim sonras\u0131, dolar kurundaki art\u0131\u015f\u0131n devam etmesine benzer \u015fekilde uzun vadeli faiz oranlar\u0131 ve risk primi g\u00f6stergelerinde bozulma devam edebilir\u201d dedi.<\/p>\n \u201cFA\u0130Z \u0130ND\u0130R\u0130M\u0130 KARARI \u00c7OK ERKENE ALINDI\u201d<\/strong><\/p>\n Merkez Bankas\u0131’n\u0131n faiz indirim amac\u0131n\u0131n firmalar \u00fczerindeki finansman maliyetini d\u00fc\u015f\u00fcrmek oldu\u011funa dikkate \u00e7eken Do\u00e7. Dr. Atilla \u00c7ifter, buna kar\u015f\u0131l\u0131k d\u00f6viz kurundaki art\u0131\u015f\u0131n enflasyon \u00fczerindeki etkisini g\u00f6z ard\u0131 etti\u011fini ve faiz indirimi kararlar\u0131n\u0131 \u00e7ok erkene ald\u0131\u011f\u0131n\u0131 ifade etti. Do\u00e7. Dr. Atilla \u00c7ifter, \u201cPara politikas\u0131nda zaman tutars\u0131zl\u0131klar\u0131 genellikle sonraki d\u00f6nemlerde karar\u0131n tam tersi hareketini zorunlu k\u0131l\u0131yor. Dolay\u0131s\u0131 ile ilerleyen d\u00f6nemlerde erken indirilen bu faiz oranlar\u0131n\u0131n ayn\u0131 oranda artt\u0131r\u0131lmas\u0131 gerekebilir\u201d diye konu\u015ftu.<\/p>\n","protected":false},"excerpt":{"rendered":" Do\u00e7. Dr. Atilla \u00c7ifter, Merkez Bankas\u0131\u2019n\u0131n 2 puanl\u0131k faiz indirimi karar\u0131n\u0131 de\u011ferlendirdi. \u00c7ifter, \u201c2 puanl\u0131k faiz indirimi ile d\u00f6viz kuru, enflasyon, risk primi ve uzun vadeli faizlerde negatif ayr\u0131\u015fma olas\u0131l\u0131\u011f\u0131 daha y\u00fcksek olacak\u201d dedi. \u00c7ifter, politika faiz indiriminin beklentilerin \u00e7ok \u00fczerinde oldu\u011funu s\u00f6yledi.<\/p>\n","protected":false},"author":6,"featured_media":5530,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[54],"tags":[1609,1610,1078,73,1611],"class_list":["post-5528","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ekonomi","tag-doc-dr-atilla-cifter","tag-faiz","tag-halis-kurtca-cocuk-kultur-merkezi","tag-manset","tag-merkez-bankasi"],"_links":{"self":[{"href":"https:\/\/www.ihm.tr\/tr-int\/wp-json\/wp\/v2\/posts\/5528","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ihm.tr\/tr-int\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ihm.tr\/tr-int\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ihm.tr\/tr-int\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ihm.tr\/tr-int\/wp-json\/wp\/v2\/comments?post=5528"}],"version-history":[{"count":1,"href":"https:\/\/www.ihm.tr\/tr-int\/wp-json\/wp\/v2\/posts\/5528\/revisions"}],"predecessor-version":[{"id":5531,"href":"https:\/\/www.ihm.tr\/tr-int\/wp-json\/wp\/v2\/posts\/5528\/revisions\/5531"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ihm.tr\/tr-int\/wp-json\/wp\/v2\/media\/5530"}],"wp:attachment":[{"href":"https:\/\/www.ihm.tr\/tr-int\/wp-json\/wp\/v2\/media?parent=5528"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ihm.tr\/tr-int\/wp-json\/wp\/v2\/categories?post=5528"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ihm.tr\/tr-int\/wp-json\/wp\/v2\/tags?post=5528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}