{"id":31068,"date":"2026-03-24T23:01:23","date_gmt":"2026-03-24T23:01:23","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/boe-basekonomisti-huw-pill-orta-dogudaki-savasin-enflasyon-baskilarini-artirmasi-halinde-harekete-gececegini-soyledi\/"},"modified":"2026-03-24T23:01:23","modified_gmt":"2026-03-24T23:01:23","slug":"boe-basekonomisti-huw-pill-orta-dogudaki-savasin-enflasyon-baskilarini-artirmasi-halinde-harekete-gececegini-soyledi","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/boe-basekonomisti-huw-pill-orta-dogudaki-savasin-enflasyon-baskilarini-artirmasi-halinde-harekete-gececegini-soyledi\/","title":{"rendered":"BoE Ba\u015fekonomisti Huw Pill, Orta Do\u011fu\u2019daki sava\u015f\u0131n enflasyon bask\u0131lar\u0131n\u0131 art\u0131rmas\u0131 halinde harekete ge\u00e7ece\u011fini s\u00f6yledi"},"content":{"rendered":"\u0130ngiltere Merkez Bankas\u0131 (BoE) Ba\u015f Ekonomisti Huw Pill, Orta Do\u011fu\u2019daki sava\u015f\u0131n geli\u015fmelerine ba\u011fl\u0131 enflasyonist bask\u0131lara kar\u015f\u0131 BoE\u2019nin harekete ge\u00e7meye haz\u0131r oldu\u011funu s\u00f6yledi. Bu a\u00e7\u0131klamalar, BoE\u2019nin Sal\u0131 g\u00fcn\u00fc yay\u0131mlad\u0131\u011f\u0131 metinde yer ald\u0131.\n\nPill, belirsizli\u011fin ad\u0131m atmay\u0131 geciktirmek i\u00e7in gerek\u00e7e olamayaca\u011f\u0131n\u0131 belirtti. Ayr\u0131ca politika yap\u0131c\u0131lar\u0131n, fiyat istikrar\u0131n\u0131 (enflasyonu d\u00fc\u015f\u00fck ve dengeli tutma hedefi) nas\u0131l sa\u011flayacaklar\u0131n\u0131 net bi\u00e7imde ortaya koymas\u0131 gerekti\u011fini s\u00f6yledi.\n\n

Bank Of England Signals Higher For Longer<\/h3>\nPill, kal\u0131c\u0131 yeni enflasyonist bask\u0131lar\u0131 s\u0131n\u0131rlamak i\u00e7in gerekirse BoE\u2019nin kar\u015f\u0131l\u0131k vermeye haz\u0131r oldu\u011funu ifade etti. K\u00f6rfez\u2019deki geli\u015fmeler nedeniyle fiyat istikrar\u0131na y\u00f6nelik risklerin artt\u0131\u011f\u0131n\u0131 da s\u00f6yledi.\n\nPara politikas\u0131n\u0131n (merkez bankas\u0131n\u0131n faiz ve likidite ad\u0131mlar\u0131) y\u00fcr\u00fct\u00fclmesinde temkinli olunmas\u0131 gerekti\u011fini vurgulad\u0131. A\u00e7\u0131klamalar, orta vadede fiyat istikrar\u0131n\u0131 sa\u011flama hedefine odakland\u0131.\n\nBu \u201c\u015fahin\u201d sinyaller (faiz indirimi yerine s\u0131k\u0131 duru\u015fa i\u015faret eden mesajlar) BoE\u2019nin, Orta Do\u011fu kaynakl\u0131 enflasyona kar\u015f\u0131 faizleri daha uzun s\u00fcre y\u00fcksek tutmaya haz\u0131rland\u0131\u011f\u0131n\u0131 g\u00f6steriyor. Yat\u0131r\u0131mc\u0131lar\u0131n, yak\u0131n vadede \u0130ngiltere\u2019de faiz indirimi ihtimalinin belirgin \u015fekilde azald\u0131\u011f\u0131n\u0131 dikkate almas\u0131 gerekiyor. Bu, artan jeopolitik riskin (siyasi\/askeri gerilimlerin piyasalara etkisi) fiyatlar \u00fczerindeki yans\u0131mas\u0131na verilen do\u011frudan bir tepki.\n\nBu yakla\u015f\u0131m, son geli\u015fmelerle de g\u00fc\u00e7leniyor. Brent petrol, H\u00fcrm\u00fcz Bo\u011faz\u0131\u2019ndaki (k\u00fcresel petrol ta\u015f\u0131mac\u0131l\u0131\u011f\u0131 i\u00e7in kritik ge\u00e7i\u015f noktas\u0131) sevkiyat aksamalar\u0131n\u0131n yeniden artmas\u0131n\u0131n ard\u0131ndan varil ba\u015f\u0131na 98 dolara yakla\u015ft\u0131. \u015eubat 2026\u2019ya ait son \u0130ngiltere enflasyon verisi de beklentileri bozdu; %2,4\u2019e gerilemesi beklenirken %2,8 geldi. Pill\u2019in uyar\u0131s\u0131, Banka\u2019n\u0131n enerji kaynakl\u0131 (petrol\/do\u011falgaz fiyat art\u0131\u015flar\u0131ndan gelen) fiyat bask\u0131s\u0131n\u0131 kal\u0131c\u0131 bir tehdit olarak g\u00f6rd\u00fc\u011f\u00fcn\u00fc d\u00fc\u015f\u00fcnd\u00fcr\u00fcyor.\n\n

Trade Implications For Rates Fx And Risk Assets<\/h3>\n\u00d6n\u00fcm\u00fczdeki haftalarda SONIA vadeli kontratlar\u0131nda sat\u0131\u015f d\u00fc\u015f\u00fcn\u00fclebilir. SONIA (Sterlin Gecelik Endeksli Ortalama faiz; bankalar\u0131n gecelik bor\u00e7lanma maliyetini yans\u0131tan referans oran) vadeli i\u015flemleri, piyasadaki faiz patikas\u0131 beklentisine duyarl\u0131d\u0131r. Bu nedenle sat\u0131\u015f, piyasan\u0131n fiyatlad\u0131\u011f\u0131 faiz indirimlerine kar\u015f\u0131 pozisyon almak anlam\u0131na gelir. Daha \u00f6nce getiri e\u011frisi (\u00e7e\u015fitli vadelerde faiz beklentisini g\u00f6steren yap\u0131) 2026 sonuna kadar en az iki adet 25 baz puanl\u0131k (0,25 y\u00fczde puan) indirim ima ediyordu. \u0130ndirim beklentilerinden uzakla\u015f\u0131lmas\u0131, \u0130ngiltere faiz piyasas\u0131nda ana tema olabilir.\n\nBu politika duru\u015fu Sterlin\u2019i destekleyebilir. Uzun Sterlin pozisyonlar\u0131 (Sterlin\u2019in de\u011fer kazanaca\u011f\u0131 beklentisiyle al\u0131nan pozisyon) daha cazip hale gelebilir. Bu g\u00f6r\u00fc\u015f, GBP\/USD \u00fczerinde al\u0131m opsiyonu (call; belirli fiyattan alma hakk\u0131 veren t\u00fcrev \u00fcr\u00fcn) ile ifade edilebilir; \u00e7\u00fcnk\u00fc \u201cdaha uzun s\u00fcre y\u00fcksek faiz\u201d Sterlin\u2019i benzer \u00fclke para birimlerine g\u00f6re g\u00fc\u00e7lendirebilir. S\u00f6z konusu belirsizlik, Sterlin paritelerinde ima edilen volatiliteyi (opsiyon fiyatlar\u0131n\u0131n i\u015faret etti\u011fi beklenen dalgalanma) de yukar\u0131 itebilir.\n\nHisse senetleri a\u00e7\u0131s\u0131ndan bu tablo olumsuzdur; daha y\u00fcksek bor\u00e7lanma maliyeti \u015firket k\u00e2rl\u0131l\u0131klar\u0131n\u0131 bask\u0131lar. FTSE 100 endeksinde sat\u0131m opsiyonu (put; belirli fiyattan satma hakk\u0131) almak, olas\u0131 piyasa d\u00fc\u015f\u00fc\u015f\u00fcne kar\u015f\u0131 korunma (hedge; zarar\u0131 s\u0131n\u0131rlama amac\u0131) i\u00e7in uygun bir y\u00f6ntem olabilir. Bu ortamda gayrimenkul ve kamu hizmetleri gibi faize duyarl\u0131 sekt\u00f6rlerin zay\u0131f performans g\u00f6stermesi beklenebilir.\n\n2025 ba\u015f\u0131nda benzer bir tablo g\u00f6r\u00fclm\u00fc\u015ft\u00fc. Enerji fiyatlar\u0131ndaki beklenmedik s\u0131\u00e7rama, BoE\u2019nin gev\u015feme d\u00f6ng\u00fcs\u00fcn\u00fc (faiz indirim s\u00fcreci) iki \u00e7eyrek ertelemesine yol a\u00e7m\u0131\u015ft\u0131. O d\u00f6nem, Banka\u2019n\u0131n k\u0131sa vadeli b\u00fcy\u00fcmeyi desteklemekten \u00f6nce enerji kaynakl\u0131 enflasyonla m\u00fccadeleyi \u00f6ne koydu\u011funu g\u00f6stermi\u015fti.\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":"

Orta Do\u011fu gerilimi BoE\u2019yi alarma ge\u00e7irdi: Ba\u015f Ekonomist Pill, enerji kaynakl\u0131 enflasyona kar\u015f\u0131 \u201cgerekirse s\u0131k\u0131la\u015f\u0131r\u0131z\u201d dedi. Piyasada faiz indirimi beklentisi gerilerken, Sterlin desteklenebilir; hisselerde risk art\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-31068","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\/31068","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=31068"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/31068\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=31068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=31068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=31068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}