{"id":30012,"date":"2026-03-10T19:02:44","date_gmt":"2026-03-10T19:02:44","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/nomura-isvicrede-enflasyon-sifira-yakin-seyrediyor-enerji-tufesine-sinirli-maruziyet-ve-hidroelektrige-bagimlilik-ortaminda-snb-chfyi-izliyor\/"},"modified":"2026-03-10T19:02:44","modified_gmt":"2026-03-10T19:02:44","slug":"nomura-isvicrede-enflasyon-sifira-yakin-seyrediyor-enerji-tufesine-sinirli-maruziyet-ve-hidroelektrige-bagimlilik-ortaminda-snb-chfyi-izliyor","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/nomura-isvicrede-enflasyon-sifira-yakin-seyrediyor-enerji-tufesine-sinirli-maruziyet-ve-hidroelektrige-bagimlilik-ortaminda-snb-chfyi-izliyor\/","title":{"rendered":"Nomura: \u0130svi\u00e7re\u2019de enflasyon s\u0131f\u0131ra yak\u0131n seyrediyor; enerji T\u00dcFE\u2019sine s\u0131n\u0131rl\u0131 maruziyet ve hidroelektri\u011fe ba\u011f\u0131ml\u0131l\u0131k ortam\u0131nda SNB CHF\u2019yi izliyor"},"content":{"rendered":"\u0130svi\u00e7re\u2019de enflasyon y\u0131ll\u0131k bazda (ge\u00e7en y\u0131l\u0131n ayn\u0131 ay\u0131na g\u00f6re) %0,1 ile neredeyse s\u0131f\u0131r. \u0130svi\u00e7re Merkez Bankas\u0131 (SNB) ise politika faizini %0,00 seviyesinde tutuyor. SNB, \u201cg\u00fcvenli liman\u201d talebi (piyasa stresinde yat\u0131r\u0131mc\u0131lar\u0131n daha g\u00fcvenli g\u00f6rd\u00fckleri para birimlerine y\u00f6nelmesi) frank\u0131 (CHF) yukar\u0131 itebilece\u011fi i\u00e7in \u0130svi\u00e7re frang\u0131n\u0131 yak\u0131ndan izliyor.\n\n\u0130svi\u00e7reli t\u00fcketiciler, avro b\u00f6lgesine k\u0131yasla enerji fiyat art\u0131\u015flar\u0131ndan daha az etkileniyor. \u00c7\u00fcnk\u00fc enerji, t\u00fcketici fiyat endeksi (T\u00dcFE: hanehalk\u0131n\u0131n sat\u0131n ald\u0131\u011f\u0131 mal ve hizmetlerin fiyat de\u011fi\u015fimini g\u00f6steren endeks) sepetinde daha k\u00fc\u00e7\u00fck bir paya sahip. Enerji, \u0130svi\u00e7re T\u00dcFE\u2019sinin %5\u2019ini olu\u015ftururken avro b\u00f6lgesinde bu oran %9. Ayr\u0131ca \u0130svi\u00e7re\u2019nin elektrik arz\u0131 b\u00fcy\u00fck \u00f6l\u00e7\u00fcde hidroelektri\u011fe (su g\u00fcc\u00fcyle \u00fcretim) dayan\u0131yor.\n\nBuna ra\u011fmen ithal fosil yak\u0131tlar (k\u00f6m\u00fcr, petrol ve do\u011fal gaz) \u0130svi\u00e7re\u2019nin sanayisi i\u00e7in h\u00e2l\u00e2 \u00f6nemli. Yine de T\u00dcFE\u2019nin yap\u0131s\u0131 ve elektrik \u00fcretimindeki kaynak da\u011f\u0131l\u0131m\u0131, petrol ve gaz fiyatlar\u0131ndaki art\u0131\u015f\u0131n enflasyona yans\u0131mas\u0131n\u0131 s\u0131n\u0131rlayabiliyor.\n\nCHF\u2019nin de\u011fer kazanmas\u0131, ithalat fiyatlar\u0131n\u0131 d\u00fc\u015f\u00fcrerek deflasyon (genel fiyat d\u00fczeyinin d\u00fc\u015fmesi) riskini art\u0131rabilir. SNB\u2019nin ba\u015fl\u0131ca se\u00e7enekleri; d\u00f6viz piyasas\u0131na m\u00fcdahale (merkez bankas\u0131n\u0131n piyasadan d\u00f6viz al\u0131p satarak kurun y\u00f6n\u00fcn\u00fc etkilemesi) veya politika faizini yeniden negatife indirmek (negatif faiz: bankalar\u0131n merkez bankas\u0131nda tuttuklar\u0131 fazla paraya faiz \u00f6demesi) olabilir.\n\nSNB, d\u00f6viz piyasas\u0131na m\u00fcdahaleye giderek daha fazla haz\u0131r oldu\u011funu s\u00f6yledi. Ayr\u0131ca negatif faize d\u00f6n\u00fc\u015f\u00fcn \u00e7ok zor bir karar olaca\u011f\u0131 mesaj\u0131n\u0131 verdi.\n<p>\n\n<p><strong>Hemen i\u015flem yapmaya ba\u015flay\u0131n &#8211; Ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in <a href=\"https:\/\/www.vtmarkets.com\/tr\/trade-now\/\">buraya<\/a> t\u0131klay\u0131n <\/strong> <\/p>\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>\u0130svi\u00e7re\u2019de enflasyon %0,1\u2019e indi; SNB faizi %0\u2019da tutup \u201cg\u00fcvenli liman\u201d talebiyle CHF\u2019yi izliyor. G\u00fc\u00e7lenen frank deflasyon riskini art\u0131rabilir; m\u00fcdahale masada, negatif faiz ise son \u00e7are.<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-30012","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/30012","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/comments?post=30012"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/30012\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=30012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=30012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=30012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}