{"id":50236,"date":"2026-06-29T11:52:35","date_gmt":"2026-06-29T11:52:35","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr-mena\/uncategorized\/birlesik-krallikta-m4-para-arzi-artisi-43e-geriledi-likiditedeki-soguma-boenin-guvercin-gorusunu-destekliyor\/"},"modified":"2026-06-29T11:52:35","modified_gmt":"2026-06-29T11:52:35","slug":"birlesik-krallikta-m4-para-arzi-artisi-43e-geriledi-likiditedeki-soguma-boenin-guvercin-gorusunu-destekliyor","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/birlesik-krallikta-m4-para-arzi-artisi-43e-geriledi-likiditedeki-soguma-boenin-guvercin-gorusunu-destekliyor\/","title":{"rendered":"Birle\u015fik Krall\u0131k\u2019ta M4 Para Arz\u0131 Art\u0131\u015f\u0131 %4,3\u2019e Geriledi; Likiditedeki So\u011fuma BoE\u2019nin G\u00fcvercin G\u00f6r\u00fc\u015f\u00fcn\u00fc Destekliyor"},"content":{"rendered":"

Birle\u015fik Krall\u0131k\u2019ta M4 para arz\u0131 b\u00fcy\u00fcmesi May\u0131s\u2019ta y\u0131ll\u0131k bazda %4,3\u2019e gerileyerek \u00f6nceki verideki %4,5 seviyesinden d\u00fc\u015ft\u00fc. Bu hareket, yurt i\u00e7i likidite ve kredi ko\u015fullar\u0131na ili\u015fkin ipu\u00e7lar\u0131 i\u00e7in yak\u0131ndan izlenen geni\u015f para yarat\u0131m\u0131nda \u0131l\u0131ml\u0131 bir so\u011fuman\u0131n s\u00fcrd\u00fc\u011f\u00fcne i\u015faret ediyor.<\/p>\n

Son veriler, y\u0131ll\u0131k bazda geni\u015flemenin daha yava\u015f bir tempoya indi\u011fini, buna kar\u015f\u0131n M4 b\u00fcy\u00fcmesinin pozitif b\u00f6lgede kald\u0131\u011f\u0131n\u0131 g\u00f6steriyor. May\u0131s\u2019ta %4,5\u2019ten %4,3\u2019e gerileme, g\u00f6stergenin son aylara k\u0131yasla bir miktar zay\u0131flad\u0131\u011f\u0131n\u0131 ortaya koyarken, daha geni\u015f finansal ko\u015fullar\u0131n s\u0131k\u0131la\u015f\u0131p s\u0131k\u0131la\u015fmad\u0131\u011f\u0131 ya da istikrar kazan\u0131p kazanmad\u0131\u011f\u0131 oda\u011f\u0131n\u0131 koruyor.<\/p>\n

Kredi Momentumu ve Para Politikas\u0131 A\u00e7\u0131s\u0131ndan Etkiler<\/h3>\n

Birle\u015fik Krall\u0131k\u2019\u0131n M4 para arz\u0131 b\u00fcy\u00fcmesinin yeniden yava\u015flad\u0131\u011f\u0131n\u0131 not ediyoruz; bu, kredi yarat\u0131m\u0131 ve ekonomik momentumun zay\u0131flad\u0131\u011f\u0131na dair bir sinyal. Bu e\u011filim \u00e7o\u011fu zaman daha geni\u015f ekonomideki yava\u015flaman\u0131n \u00f6nc\u00fcs\u00fc olur. Bu da, Birle\u015fik Krall\u0131k b\u00fcy\u00fcmesine duyarl\u0131 varl\u0131klarda temkinli olunmas\u0131 gerekti\u011fini d\u00fc\u015f\u00fcnd\u00fcr\u00fcyor.<\/p>\n

CPI\u2019\u0131n %2,1\u2019e geriledi\u011fini g\u00f6steren son enflasyon verileriyle birlikte bu veri seti, \u0130ngiltere Merkez Bankas\u0131\u2019n\u0131n (BoE) faizleri sabit tutaca\u011f\u0131 g\u00f6r\u00fc\u015f\u00fcm\u00fcz\u00fc g\u00fc\u00e7lendiriyor. Piyasa, y\u0131l\u0131n ikinci yar\u0131s\u0131nda faiz art\u0131\u015f\u0131 ihtimalini oldu\u011fundan y\u00fcksek fiyatl\u0131yor olabilir. Bu nedenle daha g\u00fcvercin bir merkez bankas\u0131na y\u00f6nelik pozisyon almak i\u00e7in faiz oran\u0131 swaplar\u0131na bak\u0131yoruz.<\/p>\n

Daha az agresif bir para politikas\u0131 duru\u015funun sterlin \u00fczerinde bask\u0131 olu\u015fturmas\u0131 muhtemel. Haziran 2026 sonu itibar\u0131yla GBP\/USD kuru 1,28\u2019in \u00fczerinde kalmakta zorland\u0131. Olas\u0131 bir d\u00fc\u015f\u00fc\u015fe kar\u015f\u0131 korunmak veya bu d\u00fc\u015f\u00fc\u015ften faydalanmak i\u00e7in GBP\/USD\u2019de sat\u0131m (put) opsiyonlar\u0131n\u0131n al\u0131nmas\u0131n\u0131 de\u011ferli g\u00f6r\u00fcyoruz.<\/p>\n

Birle\u015fik Krall\u0131k Hisseleri i\u00e7in G\u00f6r\u00fcn\u00fcm ve A\u015fa\u011f\u0131 Y\u00f6nl\u00fc Ekonomik Riskler<\/h3>\n

Yava\u015flayan para arz\u0131 b\u00fcy\u00fcmesi, gelecekte daha d\u00fc\u015f\u00fck \u015firket k\u00e2rlar\u0131na i\u015faret edebildi\u011finden, Birle\u015fik Krall\u0131k hisseleri i\u00e7in de bir kar\u015f\u0131 r\u00fczg\u00e2r niteli\u011finde. \u0130lk \u00e7eyrek i\u00e7in revize edilerek yatay b\u00fcy\u00fcmeye i\u015faret eden zay\u0131f GSYH verileri de bu endi\u015feyi destekliyor. FTSE 100 endeksinde put al\u0131m\u0131 gibi koruyucu stratejileri de\u011ferlendiriyoruz.<\/p>\n

Tarihsel olarak, M4 b\u00fcy\u00fcmesindeki benzer yava\u015flamalar 1990\u2019lar\u0131n ba\u015f\u0131 ve 2008\u2019deki ekonomik daralmalar\u0131n \u00f6ncesinde g\u00f6r\u00fclm\u00fc\u015ft\u00fc. Bu tarihsel ba\u011flam, a\u015fa\u011f\u0131 y\u00f6nl\u00fc risklerin artt\u0131\u011f\u0131 y\u00f6n\u00fcndeki g\u00f6r\u00fc\u015f\u00fcm\u00fcz\u00fc besliyor. Bu nedenle f\u0131rsatlar i\u00e7in volatilite g\u00f6stergelerini yak\u0131ndan izleyece\u011fiz.<\/p>\n\n\n\n

Hemen i\u015flem yapmaya ba\u015flay\u0131n \u2014 ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in buraya<\/a> t\u0131klay\u0131n.<\/b>\n\n<\/p>","protected":false},"excerpt":{"rendered":"

Alarm zilleri mi \u00e7al\u0131yor? Birle\u015fik Krall\u0131k\u2019ta M4 para arz\u0131 b\u00fcy\u00fcmesi May\u0131s\u2019ta %4,5\u2019ten %4,3\u2019e indi; likidite so\u011fuyor. BoE\u2019nin faizi sabit tutmas\u0131, sterlin ve hisse risklerini art\u0131r\u0131yor.<\/p>\n","protected":false},"author":87,"featured_media":50071,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-50236","post","type-post","status-publish","format-standard","has-post-thumbnail","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\/50236","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=50236"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/50236\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media\/50071"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=50236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=50236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=50236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}