{"id":31279,"date":"2026-03-27T01:02:52","date_gmt":"2026-03-27T01:02:52","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/boe-mpc-uyesi-alan-taylor-faiz-artislarinin-onunde-ciddi-engeller-var-enerji-soku-2022den-cok-2011i-andiriyor\/"},"modified":"2026-03-27T01:02:52","modified_gmt":"2026-03-27T01:02:52","slug":"boe-mpc-uyesi-alan-taylor-faiz-artislarinin-onunde-ciddi-engeller-var-enerji-soku-2022den-cok-2011i-andiriyor","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/boe-mpc-uyesi-alan-taylor-faiz-artislarinin-onunde-ciddi-engeller-var-enerji-soku-2022den-cok-2011i-andiriyor\/","title":{"rendered":"BoE MPC \u00fcyesi Alan Taylor: Faiz art\u0131\u015flar\u0131n\u0131n \u00f6n\u00fcnde ciddi engeller var; enerji \u015foku 2022\u2019den \u00e7ok 2011\u2019i and\u0131r\u0131yor"},"content":{"rendered":"\u0130ngiltere Merkez Bankas\u0131\u2019n\u0131n (BoE) Para Politikas\u0131 Kurulu\u2019nun (Monetary Policy Committee \u2013 faiz kararlar\u0131n\u0131 veren kurul) d\u0131\u015f \u00fcyesi Alan Taylor, faiz art\u0131r\u0131m\u0131 i\u00e7in e\u015fi\u011fin \u00e7ok y\u00fcksek oldu\u011funu s\u00f6yledi. Taylor, New York\u2019ta Exante Data\u2019n\u0131n d\u00fczenledi\u011fi bir konferansta konu\u015ftu.\n\nTaylor, mevcut enerji \u015fokunun (enerji fiyatlar\u0131nda h\u0131zl\u0131 art\u0131\u015f) b\u00fcy\u00fckl\u00fck olarak 2022\u2019den \u00e7ok 2011\u2019e benzedi\u011fini belirtti. \u015eokun etkileri daha net g\u00f6r\u00fclene kadar para politikas\u0131n\u0131 (faiz seviyesini) de\u011fi\u015ftirmeden sabit tutman\u0131n daha do\u011fru olaca\u011f\u0131n\u0131 ifade etti.\n\n

Enflasyon Beklentileri ve \u0130\u015fg\u00fcc\u00fc Piyasas\u0131 Sinyalleri<\/h3>\nTaylor, Birle\u015fik Krall\u0131k\u2019ta enflasyon beklentilerinin \u201ckontrolden \u00e7\u0131kma\u201d riskinin d\u00fc\u015f\u00fck oldu\u011funu s\u00f6yledi. Bunu, zay\u0131flayan i\u015fg\u00fcc\u00fc piyasas\u0131 ve yava\u015flayan \u00fccret art\u0131\u015f\u0131na ba\u011flad\u0131.\n\nAksakl\u0131klar s\u00fcrer ve \u015fok b\u00fcy\u00fcrse, kurulun daha y\u00fcksek enflasyon ile daha zay\u0131f b\u00fcy\u00fcme aras\u0131nda daha zor bir tercih yapmak zorunda kalabilece\u011fini belirtti. \u015eok hafif veya k\u0131sa s\u00fcreli olursa, riskler azald\u0131\u011f\u0131nda daha fazla faiz indiriminin m\u00fcmk\u00fcn olabilece\u011fini s\u00f6yledi.\n\nFaiz art\u0131r\u0131m\u0131 i\u00e7in e\u015fik bu kadar y\u00fcksekken, Birle\u015fik Krall\u0131k\u2019ta faizlerin \u00f6n\u00fcm\u00fczdeki aylarda sabit kalmas\u0131 ya da gerilemesi senaryosu \u00f6ne \u00e7\u0131k\u0131yor. Bu kilit politika yap\u0131c\u0131 mesaj\u0131, piyasan\u0131n gelecekteki faiz art\u0131\u015flar\u0131n\u0131 fazla h\u0131zl\u0131 fiyatl\u0131yor olabilece\u011fine i\u015faret ediyor. T\u00fcrev \u00fcr\u00fcn (de\u011feri ba\u015fka bir varl\u0131\u011fa\/faize ba\u011fl\u0131 finansal \u00fcr\u00fcn) stratejilerinin daha \u201cg\u00fcvercin\u201d (faizde gev\u015femeye daha a\u00e7\u0131k) bir BoE beklentisini desteklemesi beklenebilir.\n\nMevcut enerji \u015fokunun 2022\u2019deki sert fiyat s\u0131\u00e7ramas\u0131 yerine 2011\u2019e benzetilmesi dikkat \u00e7ekici. 2011\u2019de Brent petrol fiyat\u0131 Libya krizi nedeniyle ge\u00e7ici bir s\u0131\u00e7rama ya\u015fam\u0131\u015f, BoE de faizleri agresif \u015fekilde art\u0131rmadan bu etkiyi \u201cge\u00e7ici\u201d g\u00f6rm\u00fc\u015ft\u00fc. Bu tarihsel \u00e7er\u00e7eve, kurulun b\u00fcy\u00fcmeyi desteklemek i\u00e7in k\u0131sa vadeli bir enflasyon art\u0131\u015f\u0131na daha fazla tolerans g\u00f6sterebilece\u011fi fikrini g\u00fc\u00e7lendiriyor.\n\n

Birle\u015fik Krall\u0131k Piyasalar\u0131 \u0130\u00e7in \u0130\u015flem ve Korunma Sonu\u00e7lar\u0131<\/h3>\nBu temkinli duru\u015f, i\u00e7eride zay\u0131flayan ekonomiyle de uyumlu. Son veriler, Birle\u015fik Krall\u0131k\u2019ta \u00fccret art\u0131\u015f\u0131n\u0131n %3,5\u2019e yava\u015flad\u0131\u011f\u0131n\u0131 ve i\u015fsizlik oran\u0131n\u0131n \u015eubat 2026 itibar\u0131yla %4,5\u2019e y\u00fckseldi\u011fini g\u00f6steriyor. \u00c7ekirdek enflasyon bask\u0131lar\u0131 (enerji ve g\u0131da gibi oynak kalemler hari\u00e7 fiyat bask\u0131s\u0131) zay\u0131flarken, faizi sabit tutma gerek\u00e7esi belirginle\u015fiyor.\n\nFaiz i\u015flemleri yapanlar i\u00e7in bu, Sterlin Gecelik Endeks Ortalamas\u0131 (SONIA \u2013 sterlin gecelik faizini g\u00f6steren referans oran) vadeli faiz e\u011frisinin (ileriye d\u00f6n\u00fck faiz beklentilerini g\u00f6steren fiyatlama) hatal\u0131 fiyatlanm\u0131\u015f olabilece\u011fine i\u015faret ediyor. Y\u0131l\u0131n ilerleyen d\u00f6neminde daha d\u00fc\u015f\u00fck faize yarayacak pozisyonlar d\u00fc\u015f\u00fcn\u00fclebilir; \u00f6rne\u011fin faiz swaplar\u0131nda (taraflar\u0131n sabit faiz ile de\u011fi\u015fken faizi takas etti\u011fi s\u00f6zle\u015fme) sabit faiz alma y\u00f6n\u00fcnde pozisyon veya 2026 sonuna y\u00f6nelik vadeli s\u00f6zle\u015fme (futures \u2013 standartla\u015ft\u0131r\u0131lm\u0131\u015f ileri tarihli al\u0131m-sat\u0131m kontrat\u0131) al\u0131m\u0131. Mesaj, enerji taraf\u0131nda sakinle\u015fme olursa faiz indiriminin beklenenden erken g\u00fcndeme gelebilece\u011fini ima ediyor.\n\nD\u00f6viz piyasas\u0131nda bu g\u00f6r\u00fcn\u00fcm, sterlini k\u0131r\u0131lgan hale getiriyor. G\u00fcvercin bir BoE, \u00f6zellikle di\u011fer merkez bankalar\u0131 daha \u201c\u015fahin\u201d (faiz art\u0131\u015f\u0131na daha a\u00e7\u0131k) kal\u0131rsa, genelde para birimi \u00fczerinde bask\u0131 yarat\u0131r. Sterlinin olas\u0131 de\u011fer kayb\u0131na kar\u015f\u0131 korunmak veya bu hareketten faydalanmak i\u00e7in GBP\/USD paritesinde sat\u0131m opsiyonu (put \u2013 belirli fiyattan sat\u0131\u015f hakk\u0131 veren opsiyon) de\u011ferlendirilebilir.\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":"

BoE \u00fcyesi Taylor\u2019dan s\u00fcrpriz mesaj: Faiz art\u0131r\u0131m\u0131 e\u015fi\u011fi \u00e7ok y\u00fcksek. Enerji \u015foku 2022 de\u011fil 2011 gibi; politika \u015fimdilik sabit. Enflasyon beklentisi s\u0131n\u0131rl\u0131, sterlin k\u0131r\u0131lgan; indirim ihtimali 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-31279","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\/31279","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=31279"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/31279\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=31279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=31279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=31279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}