{"id":31251,"date":"2026-03-26T18:02:00","date_gmt":"2026-03-26T18:02:00","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/nordea-ekonomistleri-norges-bank-425lik-artis-sinyali-veriyor-yil-sonuna-kadar-425-450-ongorusu-kronu-destekliyor\/"},"modified":"2026-03-26T18:02:00","modified_gmt":"2026-03-26T18:02:00","slug":"nordea-ekonomistleri-norges-bank-425lik-artis-sinyali-veriyor-yil-sonuna-kadar-425-450-ongorusu-kronu-destekliyor","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/nordea-ekonomistleri-norges-bank-425lik-artis-sinyali-veriyor-yil-sonuna-kadar-425-450-ongorusu-kronu-destekliyor\/","title":{"rendered":"Nordea ekonomistleri: Norges Bank %4,25\u2019lik art\u0131\u015f sinyali veriyor; y\u0131l sonuna kadar %4,25\u2013%4,50 \u00f6ng\u00f6r\u00fcs\u00fc kronu destekliyor"},"content":{"rendered":"Norve\u00e7 Merkez Bankas\u0131 (Norges Bank), yakla\u015fan para politikas\u0131 toplant\u0131lar\u0131ndan birinde Norve\u00e7\u2019in politika faizini (merkez bankas\u0131n\u0131n temel faizi) %4,25\u2019e y\u00fckseltmeyi planlad\u0131\u011f\u0131n\u0131 belirtiyor. G\u00fcncellenen faiz patikas\u0131 (bankan\u0131n ileriye d\u00f6n\u00fck faiz tahmini), y\u0131l sonuna kadar %4,25-%4,50 aral\u0131\u011f\u0131na i\u015faret ediyor.\n\nYeni y\u00f6nlendirme, merkez bankas\u0131n\u0131n enflasyona (fiyat art\u0131\u015f h\u0131z\u0131na) odakland\u0131\u011f\u0131n\u0131 ve daha \u00f6nce bekledi\u011finden daha s\u0131k\u0131 (faizi daha y\u00fcksek tutan) bir politika uygulayabilece\u011fini g\u00f6steriyor. Bu da, \u00e7at\u0131\u015fma kaynakl\u0131 bask\u0131lar h\u0131zl\u0131ca azalsa bile yazdan \u00f6nce faiz art\u0131\u015f\u0131 olabilece\u011fi anlam\u0131na geliyor.\n\n<h3>Norve\u00e7 Faiz G\u00f6r\u00fcn\u00fcm\u00fc<\/h3>\nNordea, politika faizinin haziranda %4,25\u2019e ula\u015fmas\u0131n\u0131 bekliyor. Banka ayr\u0131ca y\u0131l sonu i\u00e7in %4,50 ihtimalini %4,00\u2019a g\u00f6re daha y\u00fcksek g\u00f6r\u00fcyor.\n\n2025\u2019e d\u00f6n\u00fcp bakt\u0131\u011f\u0131m\u0131zda, Norges Bank\u2019\u0131n Kron\u2019u (Norve\u00e7 para birimi) desteklemek i\u00e7in politika faizini sert \u015fekilde art\u0131raca\u011f\u0131na dair sinyaller verdi\u011fini hat\u0131rl\u0131yoruz. Banka bu \u00e7izgiyi izleyerek enflasyonla m\u00fccadele kapsam\u0131nda temel faizi Aral\u0131k 2025\u2019e kadar %4,50 ile zirveye ta\u015f\u0131d\u0131. Bu ad\u0131m, bankan\u0131n fiyat istikrar\u0131 hedefini (enflasyonu kontrol alt\u0131nda tutma g\u00f6revi) \u00f6ncelikledi\u011fini g\u00f6sterdi ve piyasalardaki g\u00fcveni art\u0131rd\u0131.\n\nBug\u00fcn politika faizi bu %4,50 zirvesinde kal\u0131rken, ekonomide etkileri g\u00f6r\u00fcl\u00fcyor. Norve\u00e7\u2019te \u00e7ekirdek enflasyon (enerji ve g\u0131da gibi oynak kalemler hari\u00e7 fiyat art\u0131\u015f\u0131) ge\u00e7en y\u0131lki zirvelerden geriledi ancak y\u00fcksek seyrediyor; \u015eubat 2026 verilerinde %3,6 oldu. Bu kal\u0131c\u0131l\u0131k, merkez bankas\u0131n\u0131n yaz boyunca faizi b\u00fcy\u00fck olas\u0131l\u0131kla sabit tutaca\u011f\u0131na i\u015faret ediyor.\n\n<h3>Yat\u0131r\u0131mc\u0131lar \u0130\u00e7in Piyasa Etkileri<\/h3>\nD\u00f6viz piyasalar\u0131nda i\u015flem yapanlar i\u00e7in bu durum Norve\u00e7 Kronu\u2019nda f\u0131rsat yarat\u0131yor. Geni\u015f faiz fark\u0131 (iki \u00fclke para birimleri aras\u0131ndaki faiz getiri fark\u0131) NOK ta\u015f\u0131may\u0131 cazip k\u0131l\u0131yor ve EUR\/NOK kuru (Euro\/Norve\u00e7 Kronu paritesi) bu \u00e7eyre\u011fin b\u00fcy\u00fck b\u00f6l\u00fcm\u00fcnde 11,25 civar\u0131nda dengelendi. EUR\/NOK al\u0131m opsiyonu satmak (kur y\u00fckselirse kazan\u00e7 sa\u011flayan opsiyonu satmak), prim geliri (opsiyon sat\u0131\u015f\u0131 kar\u015f\u0131l\u0131\u011f\u0131 al\u0131nan \u00fccret) elde ederken merkez bankas\u0131n\u0131n \u201c\u015fahin\u201d duru\u015funun (enflasyonu \u00f6ncelikleyen, faizleri y\u00fcksek tutma e\u011filimi) yukar\u0131 y\u00f6n\u00fc s\u0131n\u0131rlayaca\u011f\u0131 beklentisiyle uygulanabilecek bir strateji olabilir.\n\nFaiz t\u00fcrevleri (faize dayal\u0131 vadeli fiyatlanan s\u00f6zle\u015fmeler) taraf\u0131nda ise odak, bu zirvenin ne kadar s\u00fcrece\u011fine kay\u0131yor. Forward Rate Agreement (FRA) \u2014 ileri tarihli bir d\u00f6nem i\u00e7in faizi bug\u00fcnden sabitlemeye yarayan faiz anla\u015fmas\u0131 \u2014 fiyatlamalar\u0131, ilk olas\u0131 faiz indiriminin bu y\u0131l\u0131n d\u00f6rd\u00fcnc\u00fc \u00e7eyre\u011finin sonlar\u0131na kalabilece\u011fini g\u00f6steriyor; bu, daha \u00f6nce eyl\u00fclde indirim beklentisine g\u00f6re bir de\u011fi\u015fim. \u201cDaha uzun s\u00fcre y\u00fcksek faiz\u201d senaryosuna g\u00f6re pozisyon almak (bu beklentiye uygun i\u015flem y\u00f6n\u00fc belirlemek) anlaml\u0131 olabilir; \u00e7\u00fcnk\u00fc \u00f6n\u00fcm\u00fczdeki haftalarda beklenenden g\u00fc\u00e7l\u00fc ekonomik veriler (b\u00fcy\u00fcme, istihdam, \u00fccret gibi g\u00f6stergeler) bu indirim beklentisini daha da ileri atabilir.\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>Faizlerde yeni s\u00fcrpriz mi? Norges Bank, politika faizini %4,25\u2019e \u00e7\u0131kar\u0131p y\u0131l sonu %4,25-%4,50 patikas\u0131 \u00e7izdi. \u015eahin duru\u015f NOK\u2019u desteklerken, ilk indirim beklentisi y\u0131l\u0131n son \u00e7eyre\u011fine \u00f6teleniyor.<\/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-31251","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\/31251","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=31251"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/31251\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=31251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=31251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=31251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}