{"id":44612,"date":"2026-04-15T00:21:19","date_gmt":"2026-04-15T00:21:19","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/commerzbank-analistleri-masin-politikayi-sikilastirdigini-bunun-sgd-neerdeki-yukselisi-hizlandirdigini-ve-buyume-yerine-enflasyon-kontrolune-oncelik-verdigini-soyledi\/"},"modified":"2026-04-15T00:21:19","modified_gmt":"2026-04-15T00:21:19","slug":"commerzbank-analistleri-masin-politikayi-sikilastirdigini-bunun-sgd-neerdeki-yukselisi-hizlandirdigini-ve-buyume-yerine-enflasyon-kontrolune-oncelik-verdigini-soyledi","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/commerzbank-analistleri-masin-politikayi-sikilastirdigini-bunun-sgd-neerdeki-yukselisi-hizlandirdigini-ve-buyume-yerine-enflasyon-kontrolune-oncelik-verdigini-soyledi\/","title":{"rendered":"Commerzbank analistleri, MAS\u2019\u0131n politikay\u0131 s\u0131k\u0131la\u015ft\u0131rd\u0131\u011f\u0131n\u0131, bunun SGD NEER\u2019deki y\u00fckseli\u015fi h\u0131zland\u0131rd\u0131\u011f\u0131n\u0131 ve b\u00fcy\u00fcme yerine enflasyon kontrol\u00fcne \u00f6ncelik verdi\u011fini s\u00f6yledi."},"content":{"rendered":"<p>Singapur Para Otoritesi (MAS), Singapur Dolar\u0131 (SGD) **Nominal Efektif D\u00f6viz Kuru (NEER)** i\u00e7in de\u011fer kazanma h\u0131z\u0131n\u0131 az da olsa art\u0131rarak para politikas\u0131n\u0131 s\u0131k\u0131la\u015ft\u0131rd\u0131. **NEER**, SGD\u2019nin tek bir para birimine de\u011fil, ticaret yapt\u0131\u011f\u0131 \u00fclkelerin para birimlerinden olu\u015fan bir sepete g\u00f6re **a\u011f\u0131rl\u0131kl\u0131 ortalama** de\u011ferini g\u00f6sterir. Yeni h\u0131z\u0131n y\u0131ll\u0131k yakla\u015f\u0131k **%1,75** oldu\u011fu, \u00f6nceki **%1,5** seviyesinden y\u00fckseldi\u011fi tahmin ediliyor. Ad\u0131m\u0131n amac\u0131 b\u00fcy\u00fcmeyi de\u011fil, **enflasyonu** (genel fiyat art\u0131\u015f\u0131) s\u0131n\u0131rlamak.<\/p>\n<p>2024\u2019\u00fcn sonuna do\u011fru enflasyon yava\u015flarken MAS, Ocak ve Nisan 2025\u2019te de\u011fer kazanma h\u0131z\u0131n\u0131 iki kez d\u00fc\u015f\u00fcrm\u00fc\u015ft\u00fc. Son g\u00fcncellemede **man\u015fet enflasyon** (t\u00fcm kalemler) ve **\u00e7ekirdek enflasyon** (genelde g\u0131da ve enerji gibi oynak kalemler hari\u00e7) tahminleri yukar\u0131 revize edildi.<\/p>\n<p>A\u00e7\u0131klaman\u0131n ard\u0131ndan **USD\/SGD** (1 ABD dolar\u0131n\u0131n ka\u00e7 Singapur dolar\u0131 etti\u011fi) hafif y\u00fckselerek **1,2740** oldu. SGD NEER\u2019in politika band\u0131n\u0131n g\u00fc\u00e7l\u00fc taraf\u0131na yak\u0131n oldu\u011fu tahmin ediliyor. Bu da USD\/SGD i\u00e7in **1,2600\u20131,3120** aral\u0131\u011f\u0131na ve yakla\u015f\u0131k **1,2850** orta noktaya i\u015faret ediyor.<\/p>\n<p>**Renminbi (CNY)** (\u00c7in yuan\u0131) k\u0131sa vadede izlenecek bir unsur; \u00e7\u00fcnk\u00fc SGD NEER sepetinde \u00f6nemli bir a\u011f\u0131rl\u0131\u011fa sahip. SGD, 2025\u2019te ABD dolar\u0131na kar\u015f\u0131 yakla\u015f\u0131k **%6** de\u011fer kazand\u0131; bu y\u0131l \u015fimdiye kadar **%0,9** art\u0131da. Buna kar\u015f\u0131l\u0131k Japonya hari\u00e7 Asya para birimlerinde ortalama **-%0,9** ger\u00e7ekle\u015fti.<\/p>\n<p>Bu ad\u0131m, ge\u00e7en y\u0131la k\u0131yasla belirgin bir d\u00f6n\u00fc\u015fe i\u015faret ediyor. 2025 ba\u015f\u0131nda enflasyon bask\u0131s\u0131 azal\u0131rken MAS de\u011fer kazanma h\u0131z\u0131n\u0131 iki kez yava\u015flatm\u0131\u015ft\u0131. \u015eimdiki hamle, Merkez Bankas\u0131\u2019n\u0131n fiyat art\u0131\u015flar\u0131na kar\u015f\u0131 daha erken ve kararl\u0131 davrand\u0131\u011f\u0131n\u0131, gerekirse ek ad\u0131mlar atabilece\u011fini g\u00f6steriyor.<\/p>\n<p>\u00c7in Renminbisi\u2019nin istikrar\u0131 da \u00f6nemli. \u00c7in Merkez Bankas\u0131 (PBoC), son d\u00f6nemde **USD\/CNY** kurunu (1 ABD dolar\u0131n\u0131n ka\u00e7 yuan etti\u011fi) daha dengeli tutarak b\u00f6lge para birimlerine daha sakin bir zemin sa\u011flad\u0131. Bu d\u0131\u015f istikrar, SGD \u00fczerinde bask\u0131 yaratabilecek bir riski azalt\u0131yor ve Singapur dolar\u0131n\u0131 destekliyor.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MAS s\u00fcrprizi: Singapur, SGD NEER de\u011ferlenme h\u0131z\u0131n\u0131 %1,5\u2019ten ~%1,75\u2019e \u00e7ekip enflasyona kar\u015f\u0131 s\u0131k\u0131la\u015ft\u0131. Enflasyon tahminleri y\u00fckseldi, USD\/SGD 1,2740; band 1,2600\u20131,3120. CNY kritik.<\/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-44612","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\/44612","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=44612"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/44612\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=44612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=44612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=44612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}