{"id":50483,"date":"2026-07-02T08:53:46","date_gmt":"2026-07-02T08:53:46","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr-mena\/uncategorized\/isvicrede-enflasyon-yuzde-05te-sabit-kaldi-istikrarli-fiyatlar-guvercin-snb-beklentilerini-guclendirirken-frangi-baskiliyor\/"},"modified":"2026-07-02T08:53:46","modified_gmt":"2026-07-02T08:53:46","slug":"isvicrede-enflasyon-yuzde-05te-sabit-kaldi-istikrarli-fiyatlar-guvercin-snb-beklentilerini-guclendirirken-frangi-baskiliyor","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/isvicrede-enflasyon-yuzde-05te-sabit-kaldi-istikrarli-fiyatlar-guvercin-snb-beklentilerini-guclendirirken-frangi-baskiliyor\/","title":{"rendered":"\u0130svi\u00e7re’de enflasyon y\u00fczde 0,5’te sabit kald\u0131; istikrarl\u0131 fiyatlar g\u00fcvercin SNB beklentilerini g\u00fc\u00e7lendirirken frang\u0131 bask\u0131l\u0131yor"},"content":{"rendered":"

\u0130svi\u00e7re\u2019nin t\u00fcketici fiyat endeksi (T\u00dcFE) haziranda y\u0131ll\u0131k bazda %0,5 artt\u0131 ve piyasa tahminleriyle \u00f6rt\u00fc\u015ft\u00fc. Veri, enflasyonun ay boyunca bu h\u0131zda istikrarl\u0131 seyretti\u011fine ve beklentilerden sapma olmad\u0131\u011f\u0131na i\u015faret ediyor.<\/p>\n

Bu veri noktas\u0131, \u0130svi\u00e7re\u2019nin y\u0131ll\u0131k T\u00dcFE oran\u0131n\u0131 haziranda %0,5 seviyesinde b\u0131rak\u0131yor. Sonucun piyasa uzla\u015f\u0131 tahminiyle ayn\u0131 gelmesi, fiyat art\u0131\u015flar\u0131n\u0131n \u0131l\u0131ml\u0131 bir d\u00fczeyde devam etti\u011fini g\u00f6steriyor.<\/p>\n

\u0130svi\u00e7re Enflasyonu Yatay, Merkez Bankas\u0131 G\u00f6r\u00fcn\u00fcm\u00fc G\u00fcvercin Kalmay\u0131 S\u00fcrd\u00fcr\u00fcyor<\/h3>\n

Bug\u00fcnk\u00fc \u0130svi\u00e7re enflasyon verisinin tam da beklendi\u011fi gibi %0,5 gelmesi, k\u0131sa vadede piyasalarda oynakl\u0131k i\u00e7in s\u0131n\u0131rl\u0131 bir gerek\u00e7e oldu\u011funu d\u00fc\u015f\u00fcnd\u00fcr\u00fcyor. Bu rakam, \u0130svi\u00e7re\u2019de fiyat bask\u0131lar\u0131n\u0131n son derece zay\u0131f kald\u0131\u011f\u0131n\u0131 ve merkez bankas\u0131n\u0131n hedefinin belirgin bi\u00e7imde alt\u0131nda seyretti\u011fini teyit ediyor. Bu da \u0130svi\u00e7re Ulusal Bankas\u0131\u2019n\u0131n (SNB) yaz aylar\u0131 boyunca g\u00fcvercin duru\u015funu koruyaca\u011f\u0131 g\u00f6r\u00fc\u015f\u00fcm\u00fcz\u00fc peki\u015ftiriyor.<\/p>\n

Bize g\u00f6re bu tablo, yak\u0131n vadede bir SNB faiz art\u0131\u015f\u0131 ihtimalini tamamen ortadan kald\u0131r\u0131yor ve y\u0131l\u0131n ilerleyen d\u00f6nemlerinde bir faiz indirimi senaryosunu daha olas\u0131 hale getiriyor. SNB\u2019nin 2024\u2019teki faiz indirimlerinde g\u00f6r\u00fcld\u00fc\u011f\u00fc \u00fczere \u00f6n al\u0131c\u0131 hareket etme ge\u00e7mi\u015fi bulunuyor; ayr\u0131ca son KOF Ekonomik Barometresi\u2019nin 101,5 seviyesinde gelmesi gibi zay\u0131f temel veriler de politikada rota de\u011fi\u015fikli\u011fi i\u00e7in bir gerek\u00e7e sunmuyor. Buradaki temel \u00e7\u0131kar\u0131m, ECB\u2019nin faizleri sabit tuttu\u011fu Euro B\u00f6lgesi ile \u0130svi\u00e7re aras\u0131ndaki faiz fark\u0131n\u0131n giderek a\u00e7\u0131lmas\u0131d\u0131r.<\/p>\n

\u0130svi\u00e7re Frang\u0131 ve EUR\/CHF Stratejisine Etkileri<\/h3>\n

B\u00fcy\u00fcyen bu faiz fark\u0131n\u0131n, euro kar\u015f\u0131s\u0131nda \u0130svi\u00e7re frang\u0131 \u00fczerinde a\u015fa\u011f\u0131 y\u00f6nl\u00fc bask\u0131 yaratmaya devam etmesi beklenir. EUR\/CHF paritesinin 1,0000 parite seviyesine do\u011fru kademeli y\u00fckseli\u015fini yeniden s\u00fcrd\u00fcrmesini \u00f6ng\u00f6r\u00fcyoruz. Tarihsel olarak, ECB\u2019nin faizleri sabit tuttu\u011fu d\u00f6nemlerde bir SNB faiz indirimi sonras\u0131ndaki \u00fc\u00e7 ayda parite %2\u2019nin \u00fczerinde de\u011fer kazanm\u0131\u015ft\u0131; bu paterni yeniden g\u00f6rmeyi bekliyoruz.<\/p>\n

Bu nedenle \u00f6n\u00fcm\u00fczdeki haftalarda frankta zay\u0131flama senaryosuna g\u00f6re pozisyon al\u0131yoruz. Beklenen yukar\u0131 y\u00f6nl\u00fc trendden faydalanmak i\u00e7in eyl\u00fcl vadeli EUR\/CHF al\u0131m (call) opsiyonlar\u0131n\u0131 de\u011ferlendirmeyi planl\u0131yoruz. Bu strateji, piyasan\u0131n SNB\u2019nin g\u00fcvercin politikas\u0131n\u0131 tam olarak fiyatlamas\u0131yla frang\u0131n zay\u0131flamas\u0131ndan, tan\u0131ml\u0131 riskle getiri elde etmeye olanak tan\u0131yor.<\/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":"

S\u00fcrpriz yok: \u0130svi\u00e7re\u2019de T\u00dcFE haziranda y\u0131ll\u0131k %0,5 ile tahminlere paralel. Enflasyon zay\u0131f, SNB\u2019nin g\u00fcvercin duru\u015fu s\u00fcr\u00fcyor; faiz indirimi olas\u0131l\u0131\u011f\u0131 art\u0131yor. EUR\/CHF\u2019de 1,0000 hedefi \u00f6ne \u00e7\u0131k\u0131yor.<\/p>\n","protected":false},"author":87,"featured_media":50069,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-50483","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\/50483","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=50483"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/50483\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media\/50069"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=50483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=50483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=50483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}