{"id":30515,"date":"2026-03-17T12:05:27","date_gmt":"2026-03-17T12:05:27","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/rabobanktan-schwartz-ve-lawrence-enflasyona-ve-zayif-buyumeye-ragmen-kanada-merkez-bankasinin-faizi-225te-sabit-tutmasini-bekliyor\/"},"modified":"2026-03-17T12:05:27","modified_gmt":"2026-03-17T12:05:27","slug":"rabobanktan-schwartz-ve-lawrence-enflasyona-ve-zayif-buyumeye-ragmen-kanada-merkez-bankasinin-faizi-225te-sabit-tutmasini-bekliyor","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/rabobanktan-schwartz-ve-lawrence-enflasyona-ve-zayif-buyumeye-ragmen-kanada-merkez-bankasinin-faizi-225te-sabit-tutmasini-bekliyor\/","title":{"rendered":"Rabobank\u2019tan Schwartz ve Lawrence, enflasyona ve zay\u0131f b\u00fcy\u00fcmeye ra\u011fmen Kanada Merkez Bankas\u0131\u2019n\u0131n faizi %2,25\u2019te sabit tutmas\u0131n\u0131 bekliyor"},"content":{"rendered":"Rabobank, Kanada Merkez Bankas\u0131\u2019n\u0131n (BoC) 18 Mart toplant\u0131s\u0131nda gecelik faiz oran\u0131n\u0131 %2,25\u2019te b\u0131rakmas\u0131n\u0131 ve y\u0131l sonuna kadar de\u011fi\u015ftirmemesini bekliyor. Bloomberg anketine kat\u0131lan analistlerin tamam\u0131n\u0131n \u201cbekle-g\u00f6r\u201d (faizi sabit tutma) y\u00f6n\u00fcnde oldu\u011fu, piyasan\u0131n da Mart i\u00e7in de\u011fi\u015fiklik beklemedi\u011fi belirtiliyor.\n\nKanada\u2019da enflasyonun y\u00fcksek kalmas\u0131na kar\u015f\u0131n ekonomik faaliyetin zay\u0131flad\u0131\u011f\u0131 vurgulan\u0131yor. \u0130ran\u2019daki sava\u015f ve artan petrol ile enerji fiyatlar\u0131n\u0131n enflasyonu daha da yukar\u0131 iten ek bir bask\u0131 olu\u015fturdu\u011fu ifade ediliyor.\n\n

Market Pricing And Policy Expectations<\/h3>\nPiyasalarda, OIS e\u011frisi (gecelik faiz \u00fczerinden yap\u0131lan takas i\u015flemlerine dayanan ve piyasadaki faiz beklentisini g\u00f6steren g\u00f6sterge) \u00fczerinden faiz art\u0131\u015f\u0131 ihtimalinin fiyatlanmaya ba\u015flad\u0131\u011f\u0131 aktar\u0131l\u0131yor. 28 Ocak\u2019taki karara k\u0131yasla politika dilinde de\u011fi\u015fim bekleniyor; ancak at\u0131labilecek ad\u0131mlar\u0131n s\u0131n\u0131rl\u0131 oldu\u011fu belirtiliyor.\n\nEnflasyon bask\u0131s\u0131n\u0131n, i\u00e7 talebin a\u015f\u0131r\u0131 \u0131s\u0131nmas\u0131ndan (ekonomide talebin \u00e7ok h\u0131zlanmas\u0131) \u00e7ok jeopolitik ve arz kaynakl\u0131 etkenlerden geldi\u011fi ifade ediliyor. Faiz art\u0131r\u0131m\u0131yla enerji kaynakl\u0131 enflasyonun d\u00fc\u015f\u00fcr\u00fclmesinin zor oldu\u011fu, buna kar\u015f\u0131n g\u00fcmr\u00fck vergilerinin (tarifelerin) etkiledi\u011fi ekonomide maliyeti art\u0131rarak b\u00fcy\u00fcmeyi daha da zorlayabilece\u011fi de\u011ferlendiriliyor.\n\n

Trading And Hedging Implications<\/h3>\nT\u00fcrev piyasalar\u0131n\u0131n (dayanak varl\u0131\u011f\u0131n fiyat\u0131na ba\u011fl\u0131 s\u00f6zle\u015fmeler) ge\u00e7en y\u0131l temkinli \u015fekilde fiyatlad\u0131\u011f\u0131 faiz art\u0131\u015f\u0131 beklentisinin do\u011fru y\u00f6nde oldu\u011fu ifade ediliyor. BoC\u2019nin g\u00fcvenilirli\u011fini yeniden g\u00fc\u00e7lendirmek i\u00e7in gecelik faizi iki kez art\u0131rarak %2,75\u2019e \u00e7\u0131kard\u0131\u011f\u0131 belirtiliyor. Bu, OIS e\u011frisinin verdi\u011fi sinyallerin g\u00f6z ard\u0131 edilmesinin f\u0131rsat kayb\u0131 oldu\u011funu g\u00f6steriyor.\n\nBundan sonra yat\u0131r\u0131mc\u0131lar\u0131n \u201cduraklama\u201d yerine ek s\u0131k\u0131la\u015fma (faizlerin daha da art\u0131r\u0131lmas\u0131) ihtimaline g\u00f6re pozisyon almas\u0131 gerekti\u011fi ifade ediliyor. Petrol fiyatlar\u0131 dengelenmi\u015f olsa da (WTI ham petrol: ABD referans ham petrol\u00fc, varil ba\u015f\u0131na yakla\u015f\u0131k 81 dolar), oda\u011f\u0131n g\u00fc\u00e7l\u00fc \u00fccret art\u0131\u015f\u0131 ve dayan\u0131kl\u0131 t\u00fcketici harcamalar\u0131na kayd\u0131\u011f\u0131 belirtiliyor. BoC\u2019nin politika ara\u00e7lar\u0131yla hedef alaca\u011f\u0131 alan\u0131n bu i\u00e7 dinamikler oldu\u011fu vurgulan\u0131yor.\n\n\u00d6n\u00fcm\u00fczdeki haftalarda, ikinci \u00e7eyrekte olas\u0131 bir faiz art\u0131\u015f\u0131na kar\u015f\u0131 korunmak veya bu ihtimalden gelir elde etmek i\u00e7in CORRA vadeli i\u015flemleri (CORRA: Kanada\u2019n\u0131n gecelik referans faizi; vadeli i\u015flem: ileri tarihli fiyat \u00fczerinden al\u0131m-sat\u0131m s\u00f6zle\u015fmesi) \u00fczerinde opsiyon (belirli bir tarihe kadar belirli fiyattan al\u0131m-sat\u0131m hakk\u0131) kullan\u0131m\u0131 \u00f6ne \u00e7\u0131kan bir strateji olarak g\u00f6r\u00fcl\u00fcyor. Piyasan\u0131n, BoC\u2019nin yeniden ad\u0131m atma iste\u011fini hafife alabilece\u011fi; \u00f6zellikle Kanada\u2019da GSYH b\u00fcy\u00fcmesinin (ekonominin toplam \u00fcretimi) son \u00e7eyrekte y\u0131ll\u0131kland\u0131r\u0131lm\u0131\u015f %1,2\u2019ye beklenmedik \u015fekilde h\u0131zlanmas\u0131n\u0131n, ekonominin daha y\u00fcksek bor\u00e7lanma maliyetlerini ta\u015f\u0131yabilece\u011fine i\u015faret etti\u011fi belirtiliyor.\n

\n\n

Hemen i\u015flem yapmaya ba\u015flay\u0131n – Ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in buraya<\/a> t\u0131klay\u0131n <\/strong> <\/p>\n","protected":false},"excerpt":{"rendered":"

BoC Mart\u2019ta faizi %2,25\u2019te sabit tutabilir; Rabobank y\u0131l sonuna dek de\u011fi\u015fim beklemiyor. Ancak OIS art\u0131\u015f fiyatl\u0131yor: petrol ve arz \u015foklar\u0131 s\u00fcrerken \u00fccretler t\u00fcketim risk; CORRA opsiyonlar\u0131 \u00f6ne \u00e7\u0131k\u0131yor.<\/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-30515","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\/30515","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=30515"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/30515\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=30515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=30515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=30515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}