MAS, Ocak 2026 MPS\u2019de (Para Politikas\u0131 A\u00e7\u0131klamas\u0131) 1,0\u20132,0% olan 2026 \u00e7ekirdek ve man\u015fet enflasyon tahmin aral\u0131klar\u0131n\u0131 1,5\u20132,5% seviyesine y\u00fckseltti. Bu ad\u0131m, ithal enerji maliyetlerindeki art\u0131\u015f\u0131n ard\u0131ndan geldi; MAS, b\u00fcy\u00fcmeye k\u0131yasla enflasyon risklerini daha ciddi g\u00f6r\u00fcyor.<\/p>\n
Politika metninde, Orta Do\u011fu\u2019daki arz\u0131n normale d\u00f6nmesi halinde bile k\u00fcresel enerji fiyatlar\u0131n\u0131n y\u00fcksek kalabilece\u011fi belirtildi. Teslimat gecikmeleri, arz\u0131n yeniden devreye al\u0131nmas\u0131 i\u00e7in gereken s\u00fcre ve h\u00fck\u00fcmetlerin enerji stoklar\u0131n\u0131 (rezervlerini) yeniden in\u015fa etmeye d\u00f6n\u00fck al\u0131mlar\u0131n\u0131n talebi art\u0131rabilece\u011fi vurguland\u0131.<\/p>\n
MAS, Singapur\u2019un ithal ara mal\u0131 (\u00fcretimde girdi olarak kullan\u0131lan \u00fcr\u00fcnler) ve nihai t\u00fcketim mallar\u0131 (do\u011frudan hanehalk\u0131n\u0131n ald\u0131\u011f\u0131 \u00fcr\u00fcnler) fiyatlar\u0131n\u0131n artmas\u0131n\u0131 bekliyor. Daha y\u00fcksek petrol ve do\u011falgaz fiyatlar\u0131n\u0131n, T\u00dcFE\u2019ye (CPI; t\u00fcketici fiyat endeksi) elektrik, ula\u015f\u0131m ve mal fiyatlar\u0131 \u00fczerinden yans\u0131mas\u0131 \u00f6ng\u00f6r\u00fcl\u00fcyor.<\/p>\n
UOB, 2026 man\u015fet enflasyon tahminini 1,5%\u2019ten 2,0%\u2019ye, 2027 tahminini ise 2,2%\u2019ye y\u00fckseltti. Banka, 2026 \u00e7ekirdek enflasyon tahminini (enerji ve i\u015flenmemi\u015f g\u0131da gibi oynak kalemler hari\u00e7 enflasyon g\u00f6stergesi) 1,5%\u2019ten 1,9%\u2019a \u00e7\u0131kard\u0131; 2027 \u00e7ekirdek enflasyon tahmini 1,9% oldu.<\/p>\n
UOB\u2019nin baz senaryosuna g\u00f6re MAS, Ekim 2026 MPS\u2019de politikay\u0131 s\u0131k\u0131la\u015ft\u0131racak; S$NEER band\u0131n\u0131n e\u011fimini 50 baz puan (bps; y\u00fczde puan\u0131n y\u00fczde biri) art\u0131rarak y\u0131ll\u0131k 1,5% seviyesine ta\u015f\u0131yacak. S$NEER, Singapur dolar\u0131n\u0131n (SGD) ba\u015fl\u0131ca ticaret ortaklar\u0131n\u0131n para birimlerinden olu\u015fan sepete kar\u015f\u0131 de\u011ferini izleyen kur endeksidir; \u201cband e\u011fimini art\u0131rmak\u201d, bu endeksin zaman i\u00e7inde daha h\u0131zl\u0131 de\u011ferlenmesine izin vermek anlam\u0131na gelir. UOB ayr\u0131ca Temmuz 2026 MPS\u2019de de ad\u0131m at\u0131labilece\u011fi ihtimaline i\u015faret etti.<\/p>\n
Singapur Merkez Bankas\u0131 (Monetary Authority of Singapore – MAS), 2026 enflasyon tahminini 1,5\u20132,5% aral\u0131\u011f\u0131na y\u00fckselterek fiyat art\u0131\u015flar\u0131na kar\u015f\u0131 daha sert bir duru\u015f sinyali verdi. Bunun ana nedeni, ithal enerji kaynakl\u0131 bir \u015fok; bu \u015fok elektrik ve ula\u015f\u0131m maliyetlerini yukar\u0131 itiyor. Bu durum, para politikas\u0131nda s\u0131k\u0131la\u015fmay\u0131 (enflasyonu s\u0131n\u0131rlamak i\u00e7in kur ve finansal ko\u015fullar\u0131 daha s\u0131k\u0131 hale getirme) ve bunun da Singapur dolar\u0131n\u0131 g\u00fc\u00e7lendirmesini bu y\u0131l daha olas\u0131 k\u0131l\u0131yor.<\/p>\n
Bu g\u00f6r\u00fcn\u00fcm, son k\u00fcresel geli\u015fmelerle de destekleniyor. Brent petrol vadeli i\u015flemleri (futures; ileri tarihte belirli fiyattan al\u0131m-sat\u0131m s\u00f6zle\u015fmesi) Orta Do\u011fu\u2019daki arz kesintileri sonras\u0131 varil ba\u015f\u0131na 110 dolar\u0131n \u00fczerine \u00e7\u0131kt\u0131. Piyasada 2022 ortas\u0131ndaki sert dalgalanma d\u00f6neminden bu yana bu seviyelerde kal\u0131c\u0131 fiyatlar g\u00f6r\u00fclmemi\u015fti. Bu d\u0131\u015f bask\u0131, yurt i\u00e7i enflasyonun kendi kendine d\u00fc\u015fmesini zorla\u015ft\u0131r\u0131yor.<\/p>\n","protected":false},"excerpt":{"rendered":"
Enerji \u015foku Singapur\u2019da alarm zillerini \u00e7ald\u0131: MAS 2026 enflasyon band\u0131n\u0131 1,5\u20132,5%\u2019e y\u00fckseltti. UOB, Ekim 2026\u2019da S$NEER e\u011fiminde 50 bp s\u0131k\u0131la\u015fma ve g\u00fc\u00e7l\u00fc SGD bekliyor.<\/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-44616","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\/44616","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=44616"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/44616\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=44616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=44616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=44616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}