{"id":53203,"date":"2026-08-25T04:27:06","date_gmt":"2026-08-25T04:27:06","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr-mena\/uncategorized\/asya-merkez-bankalari-farklilasiyor-taylandin-faizi-sabit-tutmasi-beklenirken-kore-ve-filipinlerde-faiz-artirimi-ongoruluyor\/"},"modified":"2026-08-25T04:27:06","modified_gmt":"2026-08-25T04:27:06","slug":"asya-merkez-bankalari-farklilasiyor-taylandin-faizi-sabit-tutmasi-beklenirken-kore-ve-filipinlerde-faiz-artirimi-ongoruluyor","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/asya-merkez-bankalari-farklilasiyor-taylandin-faizi-sabit-tutmasi-beklenirken-kore-ve-filipinlerde-faiz-artirimi-ongoruluyor\/","title":{"rendered":"Asya merkez bankalar\u0131 farkl\u0131la\u015f\u0131yor: Tayland\u2019\u0131n faizi sabit tutmas\u0131 beklenirken, Kore ve Filipinler\u2019de faiz art\u0131r\u0131m\u0131 \u00f6ng\u00f6r\u00fcl\u00fcyor"},"content":{"rendered":"

Brown Brothers Harriman, Tayland Merkez Bankas\u0131\u2019n\u0131n politika faizini \u00fcst \u00fcste \u00fc\u00e7\u00fcnc\u00fc toplant\u0131da da %1,00 seviyesinde sabit b\u0131rakmas\u0131n\u0131 bekliyor. Bu duru\u015f, negatif reel getirilere i\u015faret ederken Tayland baht\u0131n\u0131n di\u011fer Asya para birimlerinin gerisinde kalmas\u0131na neden oluyor. G\u00fcney Kore\u2019de Kore Merkez Bankas\u0131\u2019n\u0131n politika faizini art arda ikinci kez 25 baz puan art\u0131rarak %3,00\u2019e \u00e7\u0131karmas\u0131 \u00f6ng\u00f6r\u00fcl\u00fcyor; ancak Bloomberg anketi, 17 analistin 5\u2019inin de\u011fi\u015fiklik beklemedi\u011fini g\u00f6steriyor. Merkez bankas\u0131, yurt i\u00e7i ko\u015fullar\u0131n g\u00fc\u00e7l\u00fc kalmay\u0131 s\u00fcrd\u00fcrd\u00fc\u011f\u00fcn\u00fc vurgularken ilave faiz art\u0131\u015flar\u0131n\u0131n gerekebilece\u011fini yineledi.<\/p>\n

Reel GSYH b\u00fcy\u00fcmesi, Kore Merkez Bankas\u0131\u2019n\u0131n 2026 i\u00e7in %2,6\u2019l\u0131k tahmininin \u00fczerinde seyrediyor ve enflasyon h\u00e2l\u00e2 %2\u2019lik hedefin \u00fczerinde. Filipinler\u2019de ise Bangko Sentral ng Pilipinas\u2019\u0131n politika faizini \u00fcst \u00fcste \u00fc\u00e7\u00fcnc\u00fc kez 25 baz puan art\u0131rarak %5,00\u2019e y\u00fckseltmesi bekleniyor; Bloomberg anketinde 22 analistin 4\u2019\u00fc faizin sabit kalaca\u011f\u0131n\u0131 \u00f6ng\u00f6r\u00fcyor. Bu ad\u0131m, ge\u00e7en hafta USD\/PHP\u2019nin 62,00\u2019ye yak\u0131n seviyede rekor k\u0131rmas\u0131n\u0131n ard\u0131ndan gelebilir; pesodaki bask\u0131da, k\u0131smen daha g\u00fc\u00e7l\u00fc ham petrol fiyatlar\u0131 etkili oldu.<\/p>\n

Tayland Baht\u0131, G\u00fcney Kore Wonu ve Filipin Pesosu i\u00e7in T\u00fcrev \u0130\u015flem \u00d6nerileri<\/h3>\n

T\u00fcrev i\u015flem yat\u0131r\u0131mc\u0131lar\u0131na, \u00f6n\u00fcm\u00fczdeki haftalarda Tayland baht\u0131nda (THB) k\u0131sa pozisyon al\u0131nmas\u0131n\u0131; USD\/THB al\u0131m (call) opsiyonu sat\u0131n al\u0131nmas\u0131 veya k\u0131sa vadeli forward s\u00f6zle\u015fmeleriyle sat\u0131\u015f y\u00f6n\u00fcnde pozisyon kurulmas\u0131n\u0131 \u00f6neriyoruz. Tayland Merkez Bankas\u0131\u2019n\u0131n politika faizini d\u00fc\u015f\u00fck seviyede, %1,00\u2019de tutmas\u0131 bekleniyor; bu da reel getirilerin belirgin bi\u00e7imde negatif kalmas\u0131na yol a\u00e7\u0131yor. Tayland\u2019da T\u00dcFE enflasyonu yakla\u015f\u0131k %1,5 civar\u0131nda seyrederken, bu getiri dezavantaj\u0131 THB\u2019nin b\u00f6lgesel benzerlerinin gerisinde kalmay\u0131 s\u00fcrd\u00fcrmesine neden olacakt\u0131r.<\/p>\n

Buna kar\u015f\u0131l\u0131k, G\u00fcney Kore wonunda (KRW) vadeli i\u015flemler veya al\u0131m (call) opsiyonlar\u0131 arac\u0131l\u0131\u011f\u0131yla uzun pozisyon al\u0131nmas\u0131n\u0131 tavsiye ediyoruz. Kore Merkez Bankas\u0131, yurt i\u00e7i enflasyonun %2,0 hedefinin inatla \u00fczerinde kalmas\u0131 nedeniyle politika faizini %3,00\u2019e y\u00fckseltmeye haz\u0131rlan\u0131yor. Bu s\u0131k\u0131la\u015fma, g\u00fc\u00e7l\u00fc makro temellerle destekleniyor; G\u00fcney Kore\u2019nin 2026 b\u00fcy\u00fcmesi, daha \u00f6nceki %2,6\u2019l\u0131k tahminlerin \u00fczerinde ger\u00e7ekle\u015fme e\u011filiminde.<\/p>\n

Filipin pesosu (PHP) i\u00e7in ise, merkez bankas\u0131n\u0131n para birimini agresif bi\u00e7imde savunmas\u0131na y\u00f6nelik bir i\u015flem olarak USD\/PHP sat\u0131m (put) opsiyonu al\u0131nmas\u0131n\u0131 \u00f6neriyoruz. Bangko Sentral ng Pilipinas\u2019\u0131n, kurun ABD dolar\u0131 kar\u015f\u0131s\u0131nda 62,00 civar\u0131nda tarihi dip seviyeyi g\u00f6rmesinin ard\u0131ndan politika faizini %5,00\u2019e ta\u015f\u0131mas\u0131 bekleniyor. Bu kararl\u0131 faiz art\u0131\u015f\u0131, Brent petrol\u00fcn varil fiyat\u0131 80 dolar civar\u0131nda i\u015flem g\u00f6rerek enerji ithalat\u00e7\u0131s\u0131 \u00fclke \u00fczerinde bask\u0131 yaratmaya devam etse de, pesoyu ge\u00e7ici olarak istikrara kavu\u015fturabilir.<\/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":"

Asya\u2019da kritik faiz haftas\u0131: Tayland %1\u2019de sabit kal\u0131p baht\u0131 zay\u0131flatabilir; G\u00fcney Kore ve Filipinler art\u0131\u015fa haz\u0131rlan\u0131yor. T\u00fcrevde THB short, KRW long, USD\/PHP put \u00f6ne \u00e7\u0131k\u0131yor.<\/p>\n","protected":false},"author":87,"featured_media":49991,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-53203","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