{"id":45786,"date":"2026-04-29T23:25:28","date_gmt":"2026-04-29T23:25:28","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/mart-ayinda-rusyada-issizlik-orani-degismeyerek-22de-kaldi-bu-isgucu-piyasasinda-istikrarin-surdugune-isaret-ediyor\/"},"modified":"2026-04-29T23:25:28","modified_gmt":"2026-04-29T23:25:28","slug":"mart-ayinda-rusyada-issizlik-orani-degismeyerek-22de-kaldi-bu-isgucu-piyasasinda-istikrarin-surdugune-isaret-ediyor","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/mart-ayinda-rusyada-issizlik-orani-degismeyerek-22de-kaldi-bu-isgucu-piyasasinda-istikrarin-surdugune-isaret-ediyor\/","title":{"rendered":"Mart ay\u0131nda Rusya\u2019da i\u015fsizlik oran\u0131 de\u011fi\u015fmeyerek %2,2\u2019de kald\u0131; bu, i\u015fg\u00fcc\u00fc piyasas\u0131nda istikrar\u0131n s\u00fcrd\u00fc\u011f\u00fcne i\u015faret ediyor."},"content":{"rendered":"<p>Rusya\u2019da i\u015fsizlik oran\u0131 martta %2,2\u2019de kald\u0131. Oran \u00f6nceki aya g\u00f6re de\u011fi\u015fmedi.<\/p>\n<p>Bu veri, mart ay\u0131nda i\u015fsizli\u011fin sabit seyretti\u011fine i\u015faret ediyor. Raporda ba\u015fka ayr\u0131nt\u0131 payla\u015f\u0131lmad\u0131.<\/p>\n<h3>S\u0131k\u0131 \u0130\u015fg\u00fcc\u00fc Piyasas\u0131 Politika Riskini Art\u0131r\u0131yor<\/h3>\n<p>%2,2\u2019de de\u011fi\u015fmeyen i\u015fsizlik oran\u0131, Rusya\u2019da i\u015fg\u00fcc\u00fc piyasas\u0131n\u0131n \u201c\u00e7ok s\u0131k\u0131\u201d (i\u015f\u00e7i bulman\u0131n zor, a\u00e7\u0131k i\u015flerin y\u00fcksek oldu\u011fu) kalmaya devam etti\u011fini g\u00f6steriyor. Bu durumun \u00fccret art\u0131\u015f\u0131 bask\u0131s\u0131n\u0131 (maa\u015flar\u0131n h\u0131zl\u0131 y\u00fckselmesi) canl\u0131 tutarak i\u00e7 enflasyonu (\u00fclke i\u00e7indeki fiyat art\u0131\u015flar\u0131) beslemesi beklenir. Bu da Rusya Merkez Bankas\u0131\u2019n\u0131n faizlerde \u201c\u015fahin\u201d duru\u015funu (enflasyonu d\u00fc\u015f\u00fcrmek i\u00e7in faizi y\u00fcksek tutma e\u011filimi) \u00f6n\u00fcm\u00fczdeki haftalarda s\u00fcrd\u00fcrme ihtimalini art\u0131r\u0131yor.<\/p>\n<p>Merkez Bankas\u0131\u2019n\u0131n enflasyon oda\u011f\u0131 dikkate al\u0131nd\u0131\u011f\u0131nda, politika faizi (ekonomideki ana referans faiz) y\u00fcksek seviyede kalabilir; 2023 sonlar\u0131ndan beri korunan %16 d\u00fczeyinde seyretmesi olas\u0131 g\u00f6r\u00fcn\u00fcyor. Bu \u201cs\u0131k\u0131 para politikas\u0131\u201d (faizi y\u00fcksek tutarak talebi yava\u015flatma), rubleyi desteklemeyi ve talebi so\u011futmay\u0131 hedefler. Bu nedenle rublede istikrar beklentisine dayanan \u201ct\u00fcrev\u201d (de\u011feri ba\u015fka bir varl\u0131\u011fa ba\u011fl\u0131 finansal s\u00f6zle\u015fme) i\u015flemler \u00f6ne \u00e7\u0131kabilir. \u00d6rne\u011fin, \u201cvade d\u0131\u015f\u0131\u201d USD\/RUB al\u0131m opsiyonu (kur belirlenen seviyenin \u00fczerine \u00e7\u0131karsa kazand\u0131ran opsiyon; vade d\u0131\u015f\u0131, bu seviyenin mevcut kurdan uzak olmas\u0131) satmak, rublede s\u0131n\u0131rl\u0131 oynakl\u0131k beklentisi olanlar i\u00e7in uygun bir strateji olabilir.<\/p>\n<p>\u0130\u015fg\u00fcc\u00fc a\u00e7\u0131\u011f\u0131 \u015firket k\u00e2rl\u0131l\u0131\u011f\u0131n\u0131 da do\u011frudan etkiliyor ve hisse taraf\u0131nda karma\u015f\u0131k bir tablo olu\u015fturuyor. Veri g\u00fc\u00e7l\u00fc t\u00fcketim talebine i\u015faret etse de artan \u00fccret maliyetleri MOEX\u2019te (Moskova Borsas\u0131) i\u015flem g\u00f6ren \u015firketlerin k\u00e2r marjlar\u0131n\u0131 (sat\u0131\u015ftan kalan k\u00e2r oran\u0131) daraltabilir. Bu belirsizlik daha y\u00fcksek oynakl\u0131\u011fa (fiyatlar\u0131n daha sert dalgalanmas\u0131) i\u015faret ediyor. Bu nedenle, MOEX endeks vadeli i\u015flemlerinde \u201cstraddle\u201d (ayn\u0131 seviyeden hem al\u0131m hem sat\u0131m opsiyonu alarak fiyat\u0131n hangi y\u00f6ne gidece\u011finden ba\u011f\u0131ms\u0131z b\u00fcy\u00fck harekete oynama) gibi stratejiler, iki y\u00f6nl\u00fc sert hareket bekleyen yat\u0131r\u0131mc\u0131lar i\u00e7in etkili olabilir.<\/p>\n<h3>Petrol, Ruble ve Oynakl\u0131k<\/h3>\n","protected":false},"excerpt":{"rendered":"<p>Rusya\u2019da i\u015fsizlik martta %2,2\u2019de sabit: Piyasalar neden geriliyor? S\u0131k\u0131 i\u015fg\u00fcc\u00fc \u00fccretleri ve enflasyonu k\u00f6r\u00fckleyebilir; Rusya MB\u2019nin %16\u2019l\u0131k \u015fahin faizi s\u00fcrd\u00fcrmesi, ruble ve t\u00fcrev\/opsiyon stratejilerini \u00f6ne \u00e7\u0131kar\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-45786","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\/45786","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=45786"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/45786\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=45786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=45786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=45786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}