{"id":30632,"date":"2026-03-18T18:04:51","date_gmt":"2026-03-18T18:04:51","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/abn-amrodan-quaedvlieg-hurmuzun-kapanmasinin-tetikledigi-enerji-soku-abdde-enflasyonu-artirip-buyumeyi-yavaslatiyor-bu-da-fedin-guvercin-tonda-faizleri-sabit-tutm\/"},"modified":"2026-03-18T18:04:51","modified_gmt":"2026-03-18T18:04:51","slug":"abn-amrodan-quaedvlieg-hurmuzun-kapanmasinin-tetikledigi-enerji-soku-abdde-enflasyonu-artirip-buyumeyi-yavaslatiyor-bu-da-fedin-guvercin-tonda-faizleri-sabit-tutm","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/abn-amrodan-quaedvlieg-hurmuzun-kapanmasinin-tetikledigi-enerji-soku-abdde-enflasyonu-artirip-buyumeyi-yavaslatiyor-bu-da-fedin-guvercin-tonda-faizleri-sabit-tutm\/","title":{"rendered":"ABN AMRO\u2019dan Quaedvlieg: H\u00fcrm\u00fcz\u2019\u00fcn kapanmas\u0131n\u0131n tetikledi\u011fi enerji \u015foku ABD\u2019de enflasyonu art\u0131r\u0131p b\u00fcy\u00fcmeyi yava\u015flat\u0131yor; bu da Fed\u2019in g\u00fcvercin tonda faizleri sabit tutmas\u0131n\u0131 hakl\u0131 \u00e7\u0131kar\u0131yor"},"content":{"rendered":"ABN AMRO ekonomisti Rogier Quaedvlieg, H\u00fcrm\u00fcz Bo\u011faz\u0131\u2019n\u0131n kapanmas\u0131yla ba\u011flant\u0131l\u0131 enerji \u015fokunu, maliyetleri art\u0131rarak fiyatlar\u0131 yukar\u0131 iten bir \u015fok (maliyet enflasyonu) olarak tan\u0131ml\u0131yor. Bu durumun ABD\u2019de enflasyonu y\u00fckseltirken b\u00fcy\u00fcmeyi zay\u0131flatt\u0131\u011f\u0131n\u0131 belirtiyor. Banka, ABD Merkez Bankas\u0131\u2019n\u0131n (Fed) talebi (ekonomideki harcama iste\u011fi) ve enflasyon beklentilerini (halk\u0131n ve piyasan\u0131n gelecekteki enflasyon tahmini) de\u011ferlendirirken faizleri uzun s\u00fcre de\u011fi\u015ftirmeden b\u0131rakaca\u011f\u0131n\u0131 \u00f6ng\u00f6r\u00fcyor.\n\nRaporda, pandemi sonras\u0131 enflasyon s\u0131\u00e7ramas\u0131n\u0131n ard\u0131ndan enflasyonun hedefe d\u00f6nmedi\u011fi, hanehalk\u0131 enflasyon beklentilerinin dalgal\u0131 oldu\u011fu, buna kar\u015f\u0131n piyasa fiyatlamas\u0131n\u0131n \u201c\u00e7\u0131palanm\u0131\u015f\u201d kald\u0131\u011f\u0131 (beklentilerin kal\u0131c\u0131 olarak bozulmad\u0131\u011f\u0131) vurgulan\u0131yor. Bunun daha s\u0131k\u0131 para politikas\u0131n\u0131 (faiz art\u0131rarak talebi so\u011futma) destekleyebilece\u011fi, ancak faizlerde s\u0131n\u0131rl\u0131 bir ad\u0131m ya da k\u0131sa vadede hi\u00e7 de\u011fi\u015fiklik yapmama alan\u0131 da b\u0131rakt\u0131\u011f\u0131 ifade ediliyor.\n\n

Piyasa Tepkisi ve Fed\u2019in K\u0131s\u0131tlar\u0131<\/h3>\nRapora g\u00f6re artan enerji fiyatlar\u0131 finansal ko\u015fullar\u0131 zaten s\u0131k\u0131la\u015ft\u0131rd\u0131 (kredi ve finansmana eri\u015fim zorla\u015ft\u0131): hisseler d\u00fc\u015ferken ABD dolar\u0131 g\u00fc\u00e7lendi. Fed\u2019in ilave s\u0131k\u0131la\u015ft\u0131rmas\u0131n\u0131n bu etkileri art\u0131rabilece\u011fi, varl\u0131k de\u011ferlerini (hisse ve benzeri yat\u0131r\u0131m ara\u00e7lar\u0131n\u0131n fiyatlar\u0131n\u0131) a\u015fa\u011f\u0131 \u00e7ekebilece\u011fi ve y\u00fcksek gelirli hanelerin t\u00fcketimini azaltabilece\u011fi belirtiliyor.\n\nPiyasalar, \u0130ran\u2019a y\u00f6nelik ilk sald\u0131r\u0131dan bu yana enflasyonda yakla\u015f\u0131k 0,9 puanl\u0131k art\u0131\u015f\u0131 fiyatlad\u0131. Buna kar\u015f\u0131n uzun vadeli enflasyon beklentileri fazla de\u011fi\u015fmedi ve son iki y\u0131l\u0131n band\u0131n\u0131n alt s\u0131n\u0131r\u0131na yak\u0131n kald\u0131. Yaz\u0131da, \u00e7at\u0131\u015fman\u0131n Fed\u2019in bir sonraki toplant\u0131lar\u0131n\u0131 etkilemesinin beklenmedi\u011fi; bu toplant\u0131larda faizlerin zaten mevcut seviyede kalmas\u0131n\u0131n \u00f6ng\u00f6r\u00fcld\u00fc\u011f\u00fc aktar\u0131l\u0131yor.\n\n18 Mart 12:47 GMT tarihli d\u00fczeltmede, Quaedvlieg\u2019in ING\u2019de de\u011fil ABN AMRO Bank\u2019ta \u00e7al\u0131\u015ft\u0131\u011f\u0131 belirtiliyor. Makalede, i\u00e7eri\u011fin bir yapay zek\u00e2 arac\u0131 yard\u0131m\u0131yla \u00fcretildi\u011fi ve bir edit\u00f6r taraf\u0131ndan g\u00f6zden ge\u00e7irildi\u011fi yaz\u0131yor.\n

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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":"

H\u00fcrm\u00fcz kapan\u0131rsa enerji \u015foku maliyet enflasyonunu tetikler: ABD\u2019de fiyatlar y\u00fckselir, b\u00fcy\u00fcme zay\u0131flar. ABN AMRO\u2019ya g\u00f6re Fed, beklentiler \u00e7\u0131pal\u0131 kald\u0131k\u00e7a faizleri uzun s\u00fcre sabit tutabilir.<\/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-30632","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\/30632","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=30632"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/30632\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=30632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=30632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=30632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}