{"id":30853,"date":"2026-03-20T21:02:53","date_gmt":"2026-03-20T21:02:53","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/ecb-ve-boenin-politika-kararlarinin-ardindan-eur-gbp-yukseliste-piyasalar-faiz-kararlari-ve-enflasyon-gorunumunu-degerlendiriyor\/"},"modified":"2026-03-20T21:02:53","modified_gmt":"2026-03-20T21:02:53","slug":"ecb-ve-boenin-politika-kararlarinin-ardindan-eur-gbp-yukseliste-piyasalar-faiz-kararlari-ve-enflasyon-gorunumunu-degerlendiriyor","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/ecb-ve-boenin-politika-kararlarinin-ardindan-eur-gbp-yukseliste-piyasalar-faiz-kararlari-ve-enflasyon-gorunumunu-degerlendiriyor\/","title":{"rendered":"ECB ve BoE\u2019nin politika kararlar\u0131n\u0131n ard\u0131ndan EUR\/GBP y\u00fckseli\u015fte: Piyasalar faiz kararlar\u0131 ve enflasyon g\u00f6r\u00fcn\u00fcm\u00fcn\u00fc de\u011ferlendiriyor"},"content":{"rendered":"EUR\/GBP, Avrupa Merkez Bankas\u0131 (ECB) ve \u0130ngiltere Merkez Bankas\u0131\u2019n\u0131n (BoE) faiz kararlar\u0131 sonras\u0131 \u00f6nceki g\u00fcn geriledikten sonra Cuma g\u00fcn\u00fc y\u00fckseldi. Parite 0,8647 civar\u0131nda i\u015flem g\u00f6rd\u00fc ve bir haftadan uzun s\u00fcredir g\u00f6r\u00fclen dar bant i\u00e7inde kald\u0131.\n\nHer iki merkez bankas\u0131 da Per\u015fembe g\u00fcn\u00fc faizleri de\u011fi\u015ftirmedi; ECB\u2019de politika faizi %2, BoE\u2019de %3,75 seviyesinde kald\u0131. Enflasyon riskleri, ABD-\u0130srail ile \u0130ran aras\u0131ndaki sava\u015f nedeniyle artan petrol ve enerji fiyatlar\u0131na ba\u011fland\u0131.\n\n

Politika Duru\u015fu ve B\u00fcy\u00fcme G\u00f6r\u00fcn\u00fcm\u00fc<\/h3>\nECB, belirli bir faiz patikas\u0131na (faizlerin zaman i\u00e7inde izleyece\u011fi rota) ba\u011fl\u0131 kalmayaca\u011f\u0131n\u0131, kararlar\u0131n\u0131 enflasyon riskleri ve g\u00f6r\u00fcn\u00fcm\u00fcne g\u00f6re verece\u011fini s\u00f6yledi. Tahminlerine g\u00f6re 2026 b\u00fcy\u00fcmesi baz senaryoda %0,9, olumsuz senaryoda %0,6 ve a\u011f\u0131r senaryoda %0,4.\n\n2026 i\u00e7in ECB, enflasyonu baz senaryoda %2,6, olumsuz senaryoda %3,5 ve a\u011f\u0131r senaryoda %4,4 g\u00f6r\u00fcyor. BoE ise enflasyon beklentisini y\u00fckseltti; T\u00dcFE\u2019nin (T\u00fcketici Fiyat Endeksi, t\u00fcketici enflasyonu g\u00f6stergesi) 2026\u2019n\u0131n 2. \u00e7eyre\u011finde ortalama yakla\u015f\u0131k %3 olaca\u011f\u0131n\u0131 \u00f6ng\u00f6rd\u00fc. Bu, \u015eubat\u2019taki %2,1 tahmininin \u00fczerinde.\n\nPiyasalar, Temmuz\u2019a kadar ECB\u2019nin faiz art\u0131r\u0131m\u0131 yapaca\u011f\u0131n\u0131 (faiz art\u0131\u015f\u0131: merkez bankas\u0131n\u0131n politika faizini y\u00fckseltmesi) tamamen fiyatl\u0131yor; y\u0131l sonuna kadar bir art\u0131\u015f daha bekleniyor. Baz\u0131 fiyatlamalar Nisan kadar erken bir ad\u0131m\u0131 i\u015faret ediyor. BoE taraf\u0131nda ise piyasalar bu y\u0131l ikiden fazla faiz art\u0131\u015f\u0131 bekliyor; Nisan\u2019da art\u0131\u015f ihtimali yakla\u015f\u0131k %50 seviyesinde.\n\n

2025\u2019e Geri Bak\u0131\u015f<\/h3>\n2025\u2019e bak\u0131ld\u0131\u011f\u0131nda, piyasan\u0131n b\u00fcy\u00fck bir enerji \u015foku ortam\u0131nda ECB ile BoE\u2019nin faiz art\u0131rma yar\u0131\u015f\u0131na odakland\u0131\u011f\u0131 g\u00f6r\u00fcl\u00fcyor. EUR\/GBP \u00e7apraz\u0131 (iki para biriminin \u00fc\u00e7\u00fcnc\u00fc bir para birimi olmadan birbirine kar\u015f\u0131 de\u011feri) 0,8650 civar\u0131nda dar bir aral\u0131kta s\u0131k\u0131\u015fm\u0131\u015ft\u0131; yat\u0131r\u0131mc\u0131lar hangi merkez bankas\u0131n\u0131n daha sert faiz art\u0131rmak zorunda kalaca\u011f\u0131n\u0131 tart\u0131yordu. Bu belirsizlik paritede belirgin bir gerginlik yaratt\u0131.\n\nO tarihten sonra izlenen yollar daha net hale geldi. ECB 2025 boyunca birka\u00e7 faiz art\u0131\u015f\u0131 yapt\u0131 ve ana faizini %3,25\u2019e ta\u015f\u0131d\u0131. Eurostat\u2019\u0131n 2026 \u015eubat \u00f6nc\u00fc tahminine (flash estimate: erken, ge\u00e7ici veri) g\u00f6re enflasyon %2,4\u2019e geriledi ve hedefe daha yakla\u015ft\u0131. Bu durum, ECB\u2019nin ge\u00e7en y\u0131l \u00f6nden y\u00fcklemeli yakla\u015f\u0131m\u0131n\u0131 (front-loaded: art\u0131\u015flar\u0131 erken d\u00f6neme y\u0131\u011fma) hakl\u0131 \u00e7\u0131kard\u0131.\n\nBuna kar\u015f\u0131l\u0131k, Birle\u015fik Krall\u0131k durgunluk-enflasyon \u015fokunu (stagflation: zay\u0131f b\u00fcy\u00fcme ile y\u00fcksek enflasyonun birlikte g\u00f6r\u00fclmesi) daha sert ya\u015fad\u0131. BoE politika faizini %4,75\u2019e y\u00fckseltti; ancak Ulusal \u0130statistik Ofisi\u2019nin (ONS) son T\u00dcFE verisi enflasyonun %3,1 ile y\u00fcksek kald\u0131\u011f\u0131n\u0131, 2025\u2019in 4. \u00e7eyrek GSYH b\u00fcy\u00fcmesinin (GDP: Gayri Safi Yurt \u0130\u00e7i Has\u0131la, ekonominin toplam \u00fcretimi) ise -%0,2 olarak teyit edildi\u011fini g\u00f6steriyor. \u0130ngiltere ekonomisi daha zay\u0131f b\u00fcy\u00fcme pahas\u0131na daha a\u011f\u0131r bir bedel \u00f6d\u00fcyor.\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":"

S\u00fcrpriz! ECB ve BoE faizi sabit tutsa da enerji \u015foku enflasyon risklerini b\u00fcy\u00fct\u00fcyor; EUR\/GBP 0,8647\u2019de bantta y\u00fckseldi. Piyasalar ECB\u2019ye Temmuz\u2019a kadar, BoE\u2019ye y\u0131l i\u00e7inde iki+ faiz art\u0131\u015f\u0131 fiyatl\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-30853","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\/30853","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=30853"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/30853\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=30853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=30853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=30853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}