{"id":51935,"date":"2026-07-29T10:51:56","date_gmt":"2026-07-29T10:51:56","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr-mena\/uncategorized\/ingilterede-m4-para-arzi-buyumesi-haziranda-5e-ulasti-boenin-sahinlesecegi-beklentileri-artti\/"},"modified":"2026-07-29T10:51:56","modified_gmt":"2026-07-29T10:51:56","slug":"ingilterede-m4-para-arzi-buyumesi-haziranda-5e-ulasti-boenin-sahinlesecegi-beklentileri-artti","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/ingilterede-m4-para-arzi-buyumesi-haziranda-5e-ulasti-boenin-sahinlesecegi-beklentileri-artti\/","title":{"rendered":"\u0130ngiltere\u2019de M4 Para Arz\u0131 B\u00fcy\u00fcmesi Haziran\u2019da %5\u2019e Ula\u015ft\u0131, BoE\u2019nin \u015eahinle\u015fece\u011fi Beklentileri Artt\u0131"},"content":{"rendered":"

Birle\u015fik Krall\u0131k\u2019ta M4 para arz\u0131 b\u00fcy\u00fcmesi haziranda y\u0131ll\u0131k bazda %5\u2019e h\u0131zland\u0131; \u00f6nceki %4,3 seviyesinden y\u00fckseldi. Art\u0131\u015f, bir \u00f6nceki aya k\u0131yasla ekonomi genelinde geni\u015f para arz\u0131ndaki geni\u015flemenin h\u0131zland\u0131\u011f\u0131na i\u015faret ediyor.<\/p>\n

Haziran verisi, \u00f6nceki orana g\u00f6re 0,7 puanl\u0131k art\u0131\u015fa kar\u015f\u0131l\u0131k geliyor. M4, \u00f6zel sekt\u00f6r\u00fcn elindeki nakit ve banka mevduatlar\u0131n\u0131 i\u00e7eren geni\u015f kapsaml\u0131 bir para g\u00f6stergesidir ve y\u0131ll\u0131k b\u00fcy\u00fcme h\u0131z\u0131, kredi ko\u015fullar\u0131 ve likidite e\u011filimlerine dair ipu\u00e7lar\u0131 i\u00e7in yak\u0131ndan izlenir.<\/p>\n

Enflasyon ve Para Politikas\u0131 A\u00e7\u0131s\u0131ndan Sonu\u00e7lar<\/h3>\n

Birle\u015fik Krall\u0131k\u2019ta M4 para arz\u0131n\u0131n haziranda beklenmedik bi\u00e7imde %5\u2019e s\u0131\u00e7ramas\u0131 (\u00f6nceki %4,3), likiditenin Britanya ekonomisine h\u0131zla geri d\u00f6nd\u00fc\u011f\u00fcn\u00fc g\u00f6steriyor. Bu sert ivmelenmenin, altta yatan enflasyonist bask\u0131lar\u0131n h\u00e2l\u00e2 canl\u0131 oldu\u011funa i\u015faret etti\u011fini ve \u0130ngiltere Merkez Bankas\u0131\u2019n\u0131 (BoE) k\u0131s\u0131tlay\u0131c\u0131 duru\u015funu korumaya zorlayaca\u011f\u0131n\u0131 d\u00fc\u015f\u00fcn\u00fcyoruz. T\u00fcrev piyasas\u0131 yat\u0131r\u0131mc\u0131lar\u0131n\u0131n, \u00f6n\u00fcm\u00fczdeki haftalarda piyasan\u0131n olas\u0131 faiz indirimlerini fiyatlamaktan vazge\u00e7mesiyle birlikte para politikas\u0131 beklentilerinde daha \u015fahin bir kaymaya haz\u0131rl\u0131kl\u0131 olmas\u0131 gerekir.<\/p>\n

Faiz ve D\u00f6viz Piyasalar\u0131nda \u0130\u015flem Stratejileri<\/h3>\n

Bu e\u011filimden faydalanmak i\u00e7in k\u0131sa vadeli faiz t\u00fcrevlerine, \u00f6zellikle SONIA vadeli i\u015flemlerine odaklan\u0131lmas\u0131n\u0131 \u00f6neriyoruz. Aral\u0131k 2026 vadeli SONIA kontratlar\u0131nda sat\u0131\u015f y\u00f6n\u00fcnde pozisyon almak \u015fu a\u015famada y\u00fcksek olas\u0131l\u0131kl\u0131 bir i\u015flem gibi g\u00f6r\u00fcn\u00fcyor; zira mevcut fiyatlama, kal\u0131c\u0131 (yap\u0131\u015fkan) likidite riskini tam olarak yans\u0131tm\u0131yor. Tarihsel olarak, geni\u015f para b\u00fcy\u00fcmesinin %5 e\u015fi\u011finin \u00fczerine g\u00fc\u00e7l\u00fc bi\u00e7imde geri d\u00f6nmesi, merkez bankas\u0131 nihai faiz oranlar\u0131nda h\u0131zl\u0131 bir yeniden fiyatlamaya yol a\u00e7m\u0131\u015f ve k\u0131sa pozisyon ta\u015f\u0131yanlar\u0131 haz\u0131rl\u0131ks\u0131z yakalam\u0131\u015ft\u0131r.<\/p>\n

Ayr\u0131ca yakla\u015f\u0131k %4,1 seviyesinde seyreden 10 y\u0131ll\u0131k \u0130ngiltere tahvil (Gilt) faizinin yak\u0131n vadede %4,4\u2019e do\u011fru yukar\u0131 y\u00f6nl\u00fc bask\u0131 g\u00f6rmesini bekliyoruz. Yat\u0131r\u0131mc\u0131lar bunu Gilt vadeli i\u015flemlerinde k\u0131sa pozisyon alarak veya uzun vadeli devlet tahvillerinde al\u0131m (put) opsiyonu sat\u0131n alarak, tahvil fiyatlar\u0131ndaki d\u00fc\u015f\u00fc\u015ften faydalanacak \u015fekilde de\u011ferlendirebilir. Ek olarak, daha y\u00fcksek getiri beklentilerinin para birimini desteklemesi muhtemel oldu\u011fundan, k\u0131sa vadeli sterlin rallisini yakalamak i\u00e7in k\u0131sa vadeli GBP\/USD al\u0131m (call) opsiyonlar\u0131 al\u0131nmas\u0131n\u0131 tercih ediyoruz.<\/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":"

BoE i\u00e7in alarm zilleri: Birle\u015fik Krall\u0131k\u2019ta M4 para arz\u0131 haziranda y\u0131ll\u0131k %5\u2019e h\u0131zland\u0131 (\u00f6nceki %4,3). Likidite art\u0131\u015f\u0131 enflasyon riskini canl\u0131 tutarken SONIA\u2019da k\u0131sa, Gilt faizlerinde y\u00fckseli\u015f ve sterlinde opsiyonlu ralliyi \u00f6ne \u00e7\u0131kar\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-51935","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t