{"id":31238,"date":"2026-03-26T14:04:50","date_gmt":"2026-03-26T14:04:50","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/td-securities-norges-bank-faizi-400te-sabit-tuttu-ancak-yonlendirme-yil-icinde-olasi-bir-faiz-artisina-isaret-ediyor\/"},"modified":"2026-03-26T14:04:50","modified_gmt":"2026-03-26T14:04:50","slug":"td-securities-norges-bank-faizi-400te-sabit-tuttu-ancak-yonlendirme-yil-icinde-olasi-bir-faiz-artisina-isaret-ediyor","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/td-securities-norges-bank-faizi-400te-sabit-tuttu-ancak-yonlendirme-yil-icinde-olasi-bir-faiz-artisina-isaret-ediyor\/","title":{"rendered":"TD Securities: Norges Bank faizi %4,00\u2019te sabit tuttu; ancak y\u00f6nlendirme y\u0131l i\u00e7inde olas\u0131 bir faiz art\u0131\u015f\u0131na i\u015faret ediyor"},"content":{"rendered":"Norges Bank politika faizini beklentilere paralel olarak %4,00 seviyesinde sabit tuttu. Y\u00f6nlendirme (merkez bankas\u0131n\u0131n gelece\u011fe d\u00f6n\u00fck sinyali), 2026\u2019da olas\u0131 faiz indirimlerinden 2026\u2019da en az bir faiz art\u0131\u015f\u0131 temel senaryosuna kayd\u0131.\n\nBu de\u011fi\u015fim, yap\u0131\u015fkan seyreden \u00e7ekirdek enflasyon (g\u0131da ve enerji gibi oynak kalemler hari\u00e7 fiyat art\u0131\u015flar\u0131) dahil yurt i\u00e7i enflasyon bask\u0131lar\u0131na ba\u011fland\u0131. Enerji \u015foku (enerji fiyatlar\u0131nda ani ve sert y\u00fckseli\u015f) da daha s\u0131k\u0131 para politikas\u0131 (faiz art\u0131rarak talebi ve enflasyonu so\u011futma) y\u00f6n\u00fcnde bir unsur olarak g\u00f6sterildi.\n\nOrta Do\u011fu\u2019daki \u00e7at\u0131\u015fman\u0131n s\u00fcresine ili\u015fkin belirsizli\u011fin bu toplant\u0131da ad\u0131m at\u0131lmas\u0131n\u0131 geciktirdi\u011fi belirtildi. \u0130cra Kurulu\u2019nun \u00e7o\u011funlu\u011fu art\u0131k 2026\u2019da faiz art\u0131\u015f\u0131 bekliyor.\n\nBu da oda\u011f\u0131, art\u0131\u015f\u0131n olas\u0131l\u0131\u011f\u0131ndan \u00e7ok zamanlamas\u0131na ta\u015f\u0131d\u0131. Bir sonraki Norges Bank toplant\u0131s\u0131 art\u0131k politika hamlesine a\u00e7\u0131k g\u00f6r\u00fcl\u00fcyor.\n\n\u00d6n\u00fcm\u00fczdeki haftalara dair, piyasan\u0131n yaz sonuna kadar en az bir faiz art\u0131\u015f\u0131 ihtimalini h\u00e2l\u00e2 d\u00fc\u015f\u00fck fiyatlad\u0131\u011f\u0131n\u0131 d\u00fc\u015f\u00fcn\u00fcyoruz. T\u00fcrev (de\u011feri ba\u015fka bir varl\u0131\u011fa\/fiyata ba\u011fl\u0131 s\u00f6zle\u015fme) i\u015flemcileri, \u00fc\u00e7\u00fcnc\u00fc \u00e7eyre\u011fe kadar daha y\u00fcksek politika faizini yans\u0131tan vadeli faiz anla\u015fmalar\u0131 (forward rate agreement; gelecekte belirli bir tarihte uygulanacak faiz oran\u0131n\u0131 sabitleyen s\u00f6zle\u015fme) \u00fczerinden pozisyon almay\u0131 de\u011ferlendirebilir. Bir sonraki toplant\u0131 \u00e7evresinde oynakl\u0131\u011f\u0131n (fiyat dalgalanmas\u0131) artmas\u0131 bekleniyor; bu da faiz vadeli i\u015flemleri (gelecekte belirli bir fiyattan al\u0131m-sat\u0131m taahh\u00fcd\u00fc veren borsa s\u00f6zle\u015fmesi) \u00fczerindeki opsiyon (belirli bir fiyattan alma\/satma hakk\u0131) stratejilerini cazip k\u0131l\u0131yor.\n\nNorges Bank\u2019\u0131n bu \u015fahin duru\u015fu (enflasyonu s\u0131n\u0131rlamak i\u00e7in faizi y\u00fcksek tutma\/ art\u0131rma e\u011filimi) di\u011fer b\u00fcy\u00fck merkez bankalar\u0131ndan ayr\u0131\u015f\u0131yor ve daha g\u00fc\u00e7l\u00fc Norve\u00e7 kronu (NOK) i\u00e7in gerek\u00e7e olu\u015fturuyor. Avrupa Merkez Bankas\u0131 daha zay\u0131f b\u00fcy\u00fcme g\u00f6r\u00fcn\u00fcm\u00fcyle kar\u015f\u0131 kar\u015f\u0131ya oldu\u011fu i\u00e7in, Euro\u2019ya kar\u015f\u0131 NOK\u2019un de\u011fer kazanmas\u0131na y\u00f6nelik opsiyonlarda f\u0131rsat g\u00f6r\u00fcyoruz. EUR\/NOK\u2019ta yukar\u0131 y\u00f6n\u00fc call opsiyonlar\u0131yla satmak (Euro\u2019nun kron kar\u015f\u0131s\u0131nda y\u00fckseli\u015fine kar\u015f\u0131 prim toplayarak pozisyon almak), bu para politikas\u0131 ayr\u0131\u015fmas\u0131ndan yararlanmak i\u00e7in temkinli bir strateji olabilir.\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":"

Norges Bank faizi %4\u2019te tuttu ama mesaj net: 2026\u2019da indirim de\u011fil, en az bir art\u0131\u015f senaryosu. \u00c7ekirdek enflasyon ve enerji \u015foku \u015fahinli\u011fi besliyor; NOK g\u00fc\u00e7lenebilir, volatilite artabilir.<\/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-31238","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\/31238","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=31238"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/31238\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=31238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=31238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=31238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}