Avustralya\u2019n\u0131n TD-MI Enflasyon G\u00f6stergesi Nisan ay\u0131nda ayl\u0131k bazda (bir \u00f6nceki aya g\u00f6re) %0,6 artt\u0131. Bu oran, \u00f6nceki ayki %1,3 seviyesinin alt\u0131nda kald\u0131.<\/p>\n
Son veri, g\u00f6stergedeki art\u0131\u015f h\u0131z\u0131n\u0131n Mart ay\u0131na g\u00f6re yava\u015flad\u0131\u011f\u0131n\u0131 g\u00f6steriyor. De\u011fi\u015fim ayl\u0131k bazda \u00f6l\u00e7\u00fcl\u00fcyor.<\/p>\n
Nisan ay\u0131 TD-MI Enflasyon G\u00f6stergesi\u2019nin ayl\u0131k bazda %0,6\u2019ya belirgin \u015fekilde geriledi\u011fini g\u00f6rd\u00fck. Bu sert d\u00fc\u015f\u00fc\u015f, enflasyon bask\u0131lar\u0131n\u0131n sonunda anlaml\u0131 bi\u00e7imde hafiflemeye ba\u015flayabilece\u011fine dair ilk g\u00fc\u00e7l\u00fc i\u015faret. Bu geli\u015fme, inat\u00e7\u0131 ge\u00e7en ilk \u00e7eyre\u011fin ard\u0131ndan geldi. Resmi T\u00dcFE (T\u00fcketici Fiyat Endeksi: t\u00fcketicinin \u00f6dedi\u011fi fiyatlar \u00fczerinden hesaplanan enflasyon g\u00f6stergesi) verisi ge\u00e7en hafta a\u00e7\u0131klanm\u0131\u015f ve y\u0131ll\u0131k enflasyonun %3,8 oldu\u011fu g\u00f6r\u00fclm\u00fc\u015ft\u00fc; bu seviye RBA\u2019n\u0131n (Avustralya Merkez Bankas\u0131) hedefinin belirgin \u015fekilde \u00fczerinde.<\/p>\n
Bu yeni veri, RBA\u2019n\u0131n 2025 sonundan beri s\u00fcrd\u00fcrd\u00fc\u011f\u00fc \u201c\u015fahin\u201d (faiz art\u0131rmaya daha yak\u0131n, s\u0131k\u0131 para politikas\u0131 yanl\u0131s\u0131) duru\u015fu sorgulat\u0131yor. RBA\u2019n\u0131n politika faizi (ekonomideki temel faiz) son iki toplant\u0131da %4,60\u2019ta sabit tutuldu\u011fu i\u00e7in, bu zay\u0131f enflasyon verisi bu y\u0131l ek faiz art\u0131\u015f\u0131 olas\u0131l\u0131\u011f\u0131n\u0131 azalt\u0131yor. Piyasa art\u0131k RBA\u2019n\u0131n ne zaman \u201cgev\u015femeye\u201d (faiz indirimine y\u00f6nelmeye) d\u00f6nebilece\u011fini tart\u0131\u015fmaya ba\u015flayabilir.<\/p>\n
Faiz piyasas\u0131nda i\u015flem yapanlar i\u00e7in bu, k\u0131sa vadeli faiz vadeli i\u015flemlerinde (gelecekteki faiz beklentisine g\u00f6re fiyatlanan s\u00f6zle\u015fmeler) ve devlet tahvillerinde y\u00fckseli\u015f anlam\u0131na gelebilir. Piyasa, y\u0131l\u0131n ikinci yar\u0131s\u0131 i\u00e7in kalan k\u00fc\u00e7\u00fck faiz art\u0131\u015f\u0131 ihtimalini fiyatlardan \u00e7\u0131karabilir. Benzer bir tablo 2024 ortas\u0131nda g\u00f6r\u00fclm\u00fc\u015ft\u00fc; zay\u0131f veriler sonras\u0131 faiz art\u0131\u015f\u0131 beklentileri terk edilince tahvil vadeli i\u015flemleri y\u00fckselmi\u015fti.<\/p>\n
D\u00f6viz piyasas\u0131nda bu, Avustralya dolar\u0131 i\u00e7in \u201cay\u0131\u201d (d\u00fc\u015f\u00fc\u015f) sinyali. Daha az \u015fahin bir RBA, AUD\u2019nin (Avustralya dolar\u0131) \u201cgetiri avantaj\u0131n\u0131\u201d (faiz fark\u0131ndan gelen avantaj) azalt\u0131r; \u00f6zellikle ABD dolar\u0131na kar\u015f\u0131, Fed\u2019in (ABD Merkez Bankas\u0131) izleyece\u011fi yol h\u00e2l\u00e2 net de\u011filken. AUD\/USD paritesinde (Avustralya dolar\u0131\/ABD dolar\u0131) 0,6400 seviyesine do\u011fru olas\u0131 bir d\u00fc\u015f\u00fc\u015fe kar\u015f\u0131 pozisyon almak i\u00e7in sat\u0131m opsiyonlar\u0131 (fiyat d\u00fc\u015f\u00fc\u015f\u00fcne kar\u015f\u0131 koruma\/yararlanma sa\u011flayan opsiyon) de\u011ferlendirilebilir.<\/p>\n
ASX 200 i\u00e7in (Avustralya\u2019n\u0131n ana hisse endeksi) faizlerin zirveye yakla\u015fmas\u0131 g\u00fc\u00e7l\u00fc bir destek. Y\u00fcksek bor\u00e7lanma maliyetleri (kredi faizlerinin y\u00fcksek olmas\u0131) nedeniyle bask\u0131 alt\u0131nda kalan teknoloji ve b\u00fcy\u00fcme hisseleri bir miktar rahatlayabilir. Endeks \u00fczerinde al\u0131m opsiyonlar\u0131 (fiyat y\u00fckseli\u015finden yararlanma sa\u011flayan opsiyon) d\u00fc\u015f\u00fcn\u00fclebilir; \u00e7\u00fcnk\u00fc hisseler, merkez bankas\u0131 politika de\u011fi\u015fimlerini \u00e7o\u011fu zaman \u00f6nceden fiyatlar. Nitekim 2025 ba\u015f\u0131ndaki rallide (h\u0131zl\u0131 y\u00fckseli\u015f) benzer bir \u00f6rnek g\u00f6r\u00fclm\u00fc\u015ft\u00fc.<\/p>\n","protected":false},"excerpt":{"rendered":"
Avustralya TD-MI enflasyonu Nisan\u2019da %0,6\u2019ya sert gerileyince, enflasyon bask\u0131lar\u0131 hafifliyor sinyali geldi. Bu durum RBA\u2019n\u0131n \u015fahinli\u011fini zay\u0131flat\u0131p tahvilleri desteklerken, AUD\u2019yi bask\u0131layabilir, ASX 200\u2019e ise nefes ald\u0131rabilir.<\/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-46015","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\/46015","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=46015"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/46015\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=46015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=46015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=46015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}