{"id":45023,"date":"2026-04-20T17:24:13","date_gmt":"2026-04-20T17:24:13","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/kanadada-cekirdek-tufe-aylik-artis-martta-0da-sabit-kaldi-onceki-02den-geriledi\/"},"modified":"2026-04-20T17:24:13","modified_gmt":"2026-04-20T17:24:13","slug":"kanadada-cekirdek-tufe-aylik-artis-martta-0da-sabit-kaldi-onceki-02den-geriledi","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/kanadada-cekirdek-tufe-aylik-artis-martta-0da-sabit-kaldi-onceki-02den-geriledi\/","title":{"rendered":"Kanada\u2019da \u00e7ekirdek T\u00dcFE ayl\u0131k art\u0131\u015f Mart\u2019ta %0\u2019da sabit kald\u0131, \u00f6nceki %0,2\u2019den geriledi"},"content":{"rendered":"

Kanada\u2019n\u0131n \u00e7ekirdek T\u00fcketici Fiyat Endeksi (T\u00dcFE) mart ay\u0131nda ayl\u0131k bazda %0 oldu. Bir \u00f6nceki veri ayl\u0131k %0,2 idi.<\/p>\n

Bu, \u00e7ekirdek fiyatlar\u0131n \u015fubattan marta de\u011fi\u015fmedi\u011fi anlam\u0131na geliyor. Ayl\u0131k art\u0131\u015f h\u0131z\u0131, bir \u00f6nceki aya g\u00f6re 0,2 puan yava\u015flad\u0131.<\/p>\n

\u00c7ekirdek Enflasyon S\u0131f\u0131rland\u0131<\/h3>\n

Martta \u00e7ekirdek enflasyonun ayl\u0131k %0 gelmesi, para politikas\u0131nda \u201cg\u00fcvercin\u201d (faiz indirimi ihtimalini art\u0131ran) g\u00fc\u00e7l\u00fc bir sinyal. Bu veri, 2025 boyunca g\u00f6r\u00fclen dezenflasyon (enflasyonun d\u00fc\u015f\u00fc\u015f e\u011filimi) s\u00fcrecinin h\u0131zland\u0131\u011f\u0131na i\u015faret ediyor. Bu nedenle Kanada Merkez Bankas\u0131\u2019n\u0131n (BoC) hazirandaki toplant\u0131s\u0131nda faiz indirimi olas\u0131l\u0131\u011f\u0131n\u0131n daha y\u00fcksek fiyatlanmas\u0131 gerekiyor.<\/p>\n

CORRA vadeli i\u015flemlerindeki (Kanada gecelik faizine endeksli s\u00f6zle\u015fmeler; piyasadaki politika faizi beklentisini yans\u0131t\u0131r) pozisyonlar\u0131m\u0131z\u0131, faiz beklenti e\u011frisinin (ileri vadeli faizlerin piyasa tahmini) daha erken gev\u015femeyi yans\u0131tacak \u015fekilde kayaca\u011f\u0131 \u00f6ng\u00f6r\u00fcs\u00fcyle g\u00fcncelliyoruz. Bu tablo, 2025 ortas\u0131nda politika faizinin tepe yapt\u0131\u011f\u0131na dair ilk sinyallerin g\u00f6r\u00fcld\u00fc\u011f\u00fc d\u00f6nemle benzerlik ta\u015f\u0131yor. \u0130ki \u00e7eyrektir %3,5\u2019te tutulan mevcut gecelik faiz (bankalar\u0131n bir gecelik bor\u00e7lanma faizi; politika faizinin temel g\u00f6stergesi) art\u0131k k\u0131s\u0131tlay\u0131c\u0131 g\u00f6r\u00fcn\u00fcyor ve a\u015fa\u011f\u0131 y\u00f6nl\u00fc harekete daha yak\u0131n duruyor.<\/p>\n

Buna ba\u011fl\u0131 olarak Kanada dolar\u0131 \u00fczerinde belirgin a\u015fa\u011f\u0131 y\u00f6nl\u00fc bask\u0131 bekliyoruz. USD\/CAD\u2019de al\u0131m y\u00f6nl\u00fc opsiyonlarla (belirli fiyattan alma hakk\u0131 veren t\u00fcrev \u00fcr\u00fcn) uzun pozisyonlar\u0131m\u0131z\u0131 art\u0131r\u0131yoruz; 2025 sonlar\u0131nda g\u00f6r\u00fclen 1,38 seviyesinin \u00fczerine hareket hedefliyoruz. Bu g\u00f6r\u00fc\u015f, ABD verilerinin \u00e7ekirdek enflasyonun daha \u201cyap\u0131\u015fkan\u201d (kolay d\u00fc\u015fmeyen) kald\u0131\u011f\u0131n\u0131 g\u00f6stermesiyle g\u00fc\u00e7leniyor; y\u0131ll\u0131kland\u0131r\u0131lm\u0131\u015f (ayl\u0131k veriden y\u0131l geneline \u00e7evrilmi\u015f) h\u0131z \u015fu anda %2,8. Bu durum, iki \u00fclke aras\u0131nda net bir politika ayr\u0131\u015fmas\u0131 yarat\u0131yor.<\/p>\n

Hisse senedi t\u00fcrevlerinde (hisse endeksi\/menkul k\u0131ymet \u00fczerine yaz\u0131lan vadeli i\u015flem ve opsiyonlar) bu g\u00f6r\u00fcn\u00fcm olumlu; \u00f6zellikle de faizlere duyarl\u0131 sekt\u00f6rler i\u00e7in S&P\/TSX 60 endeksinde. 2024 ve 2025\u2019teki faiz art\u0131r\u0131m\u0131 d\u00f6neminde geride kalan finans ve kamu hizmetleri (elektrik, su gibi d\u00fczenlenen \u015firketler) hisselerinde al\u0131m opsiyonlar\u0131n\u0131 izliyoruz. Daha d\u00fc\u015f\u00fck bor\u00e7lanma maliyeti (kredi faizlerinin gerilemesi) beklentisi, \u00f6n\u00fcm\u00fczdeki \u00e7eyrekte bu hisseler i\u00e7in g\u00fc\u00e7l\u00fc bir destek olabilir.<\/p>\n

Piyasalar \u0130\u00e7in Sonu\u00e7lar<\/h3>\n","protected":false},"excerpt":{"rendered":"

Kanada\u2019da \u00e7ekirdek T\u00dcFE martta ayl\u0131k %0\u2019a indi: dikkat, BoC\u2019ye \u201chaziran indirimi\u201d kap\u0131s\u0131 a\u00e7\u0131l\u0131yor. CORRA daha erken gev\u015femeyi fiyatlayabilir; CAD bask\u0131 alt\u0131nda, USD\/CAD 1,38+ hedef.<\/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-45023","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\/45023","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=45023"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/45023\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=45023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=45023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=45023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}