{"id":30973,"date":"2026-03-24T00:02:45","date_gmt":"2026-03-24T00:02:45","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/bnp-paribas-ecbnin-2027de-faiz-artirimlarina-baslamasindan-once-euro-bolgesinde-2026da-yuzde-16-buyume-ve-dusuk-enflasyon-bekliyor\/"},"modified":"2026-03-24T00:02:45","modified_gmt":"2026-03-24T00:02:45","slug":"bnp-paribas-ecbnin-2027de-faiz-artirimlarina-baslamasindan-once-euro-bolgesinde-2026da-yuzde-16-buyume-ve-dusuk-enflasyon-bekliyor","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/bnp-paribas-ecbnin-2027de-faiz-artirimlarina-baslamasindan-once-euro-bolgesinde-2026da-yuzde-16-buyume-ve-dusuk-enflasyon-bekliyor\/","title":{"rendered":"BNP Paribas, ECB\u2019nin 2027\u2019de faiz art\u0131r\u0131mlar\u0131na ba\u015flamas\u0131ndan \u00f6nce, Euro B\u00f6lgesi\u2019nde 2026\u2019da y\u00fczde 1,6 b\u00fcy\u00fcme ve d\u00fc\u015f\u00fck enflasyon bekliyor"},"content":{"rendered":"BNP Paribas, Euro B\u00f6lgesi GSYH (Gayrisafi Yurt \u0130\u00e7i Has\u0131la) b\u00fcy\u00fcmesinin 2025\u2019te %1,5\u2019ten sonra 2026\u2019da %1,6 olaca\u011f\u0131n\u0131 \u00f6ng\u00f6r\u00fcyor. Banka, g\u00f6r\u00fcn\u00fcm\u00fc Almanya\u2019n\u0131n mali (b\u00fct\u00e7esel) ad\u0131mlar\u0131na, daha y\u00fcksek savunma harcamalar\u0131na, Avrupa\u2019da yapay zek\u00e2 odakl\u0131 yat\u0131r\u0131mlar\u0131n artmas\u0131na ve g\u00fc\u00e7l\u00fc seyrini koruyan i\u015fg\u00fcc\u00fc piyasas\u0131na ba\u011fl\u0131yor.\n\nEnflasyonun 2026\u2019da %2\u2019nin alt\u0131nda kalmas\u0131 bekleniyor. BNP Paribas, ekonomik aktivite g\u00fc\u00e7lendik\u00e7e 2027\u2019de enflasyonda kademeli bir y\u00fckseli\u015f \u00f6ng\u00f6r\u00fcyor.\n\n<h3>2027\u2019ye Kadar ECB Para Politikas\u0131 G\u00f6r\u00fcn\u00fcm\u00fc<\/h3>\nBu patikada BNP Paribas, ECB\u2019nin (Avrupa Merkez Bankas\u0131) 2027\u2019nin ikinci yar\u0131s\u0131nda faiz art\u0131rmas\u0131n\u0131 ve mevduat faizi oran\u0131n\u0131n (bankalar\u0131n ECB\u2019de tuttuklar\u0131 fazla likiditeye uygulanan faiz) %2,5\u2019e ula\u015fmas\u0131n\u0131 bekliyor.\n\nBu ortam, ECB\u2019nin \u00f6ng\u00f6r\u00fclebilir gelecekte beklemede kalaca\u011f\u0131na i\u015faret ediyor.\n\nFaiz t\u00fcrevlerinde (faize ba\u011fl\u0131 fiyatlanan t\u00fcrev \u00fcr\u00fcnler) bu tablo, \u00f6n\u00fcm\u00fczdeki haftalarda getiri e\u011frisinin k\u0131sa vadesinde (k\u0131sa vadeli faizlerin oldu\u011fu b\u00f6l\u00fcm) sakin bir d\u00f6neme i\u015faret ediyor. 2026 ortas\u0131nda vadesi dolan k\u0131sa vadeli faiz vadeli i\u015flemlerinde (gelecekteki faiz seviyesine y\u00f6nelik standart s\u00f6zle\u015fmeler) belirgin hareketler beklenmemeli. Odak, 2027\u2019nin ikinci yar\u0131s\u0131na fiyatlanan olas\u0131 faiz art\u0131r\u0131mlar\u0131 i\u00e7in pozisyon almaya kaymal\u0131.\n\n<h3>Hisse Senedi ve FX (D\u00f6viz) Stratejilerine Etkiler<\/h3>\nEkonomik zemin, Almanya\u2019n\u0131n mali ad\u0131mlar\u0131 ve hedefli yapay zek\u00e2 yat\u0131r\u0131mlar\u0131yla Avrupa hisselerini destekliyor. Euro Stoxx 50 endeksinin 2025\u2019in son \u00e7eyre\u011finde istikrarl\u0131 y\u00fckseli\u015fler g\u00f6stermesinin ard\u0131ndan, yukar\u0131 y\u00f6n\u00fcn dengeli bi\u00e7imde s\u00fcrmesi bekleniyor. B\u00fcy\u00fck Avrupa endekslerinde al\u0131m (call) opsiyonu (belirli vadede belirli fiyattan alma hakk\u0131) almak veya y\u00fckseli\u015f y\u00f6nl\u00fc call spread (iki farkl\u0131 kullan\u0131m fiyatl\u0131 call opsiyonuyla maliyeti ve riski s\u0131n\u0131rlayan strateji) kurmak, bu g\u00f6r\u00fcn\u00fcmden faydalanmak i\u00e7in uygulanabilir bir yakla\u015f\u0131m olabilir.\n\nD\u00f6viz piyasas\u0131nda euronun oynakl\u0131\u011f\u0131n\u0131n (fiyat dalgalanmas\u0131n\u0131n) d\u00fc\u015f\u00fck kalmas\u0131 muhtemel. ECB\u2019nin \u00f6ng\u00f6r\u00fclebilir bir patikada ilerlemesiyle EUR\/USD (euro\/dolar paritesi), ge\u00e7en y\u0131l\u0131n b\u00fcy\u00fck b\u00f6l\u00fcm\u00fcndeki bant i\u00e7inde dalgal\u0131 seyrini s\u00fcrd\u00fcrebilir. Son ABD verileri, Fed\u2019in (ABD Merkez Bankas\u0131) enflasyon konusunda temkinli kalmas\u0131 gerekebilece\u011fini g\u00f6sterdi\u011finden, euroda opsiyon satarak prim toplamak (opsiyon sat\u0131\u015f\u0131yla pe\u015fin gelir elde etme) cazip g\u00f6r\u00fcn\u00fcyor.\n\n<b><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\">Canl\u0131 VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturun<\/a>\u00a0ve\u00a0<a href=\"https:\/\/myaccount.vtmarkets.com\/login\">hemen i\u015flem yapmaya ba\u015flay\u0131n<\/a>. <\/b>\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>BNP Paribas\u2019tan Euro B\u00f6lgesi i\u00e7in pozitif s\u00fcrpriz: 2026 b\u00fcy\u00fcme %1,6, enflasyon %2 alt\u0131! Almanya mali ad\u0131mlar\u0131, savunma ve yapay zek\u00e2 yat\u0131r\u0131mlar\u0131 hisseleri desteklerken, ECB\u2019nin 2027 ikinci yar\u0131da faizi %2,5\u2019e ta\u015f\u0131mas\u0131 bekleniyor.<\/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-30973","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\/30973","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=30973"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/30973\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=30973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=30973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=30973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}