{"id":53458,"date":"2026-08-31T18:26:11","date_gmt":"2026-08-31T18:26:11","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr-mena\/uncategorized\/rabobank-piyasalarin-yil-sonuna-kadar-sikilasmayi-fiyatladigi-ortamda-kanada-merkez-bankasinin-faizi-225te-sabit-tutmasini-bekliyor\/"},"modified":"2026-08-31T18:26:11","modified_gmt":"2026-08-31T18:26:11","slug":"rabobank-piyasalarin-yil-sonuna-kadar-sikilasmayi-fiyatladigi-ortamda-kanada-merkez-bankasinin-faizi-225te-sabit-tutmasini-bekliyor","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/rabobank-piyasalarin-yil-sonuna-kadar-sikilasmayi-fiyatladigi-ortamda-kanada-merkez-bankasinin-faizi-225te-sabit-tutmasini-bekliyor\/","title":{"rendered":"Rabobank, piyasalar\u0131n y\u0131l sonuna kadar s\u0131k\u0131la\u015fmay\u0131 fiyatlad\u0131\u011f\u0131 ortamda Kanada Merkez Bankas\u0131\u2019n\u0131n faizi %2,25\u2019te sabit tutmas\u0131n\u0131 bekliyor"},"content":{"rendered":"

Rabobank, piyasalar\u0131n y\u0131l sonuna kadar yakla\u015f\u0131k 17 baz puanl\u0131k s\u0131k\u0131la\u015ft\u0131rmay\u0131 fiyatlamas\u0131na kar\u015f\u0131n, Kanada Merkez Bankas\u0131\u2019n\u0131n (BoC) 2 Eyl\u00fcl toplant\u0131s\u0131nda gecelik faiz oran\u0131n\u0131 %2,25\u2019te sabit tutmas\u0131n\u0131 ve 2027 boyunca da de\u011fi\u015fikli\u011fe gitmemesini bekliyor. Banka, ihracat kaynakl\u0131 daha g\u00fc\u00e7l\u00fc 2. \u00e7eyrek GSYH b\u00fcy\u00fcmesine i\u015faret ederken, ABD\u2013Kanada ticaret gerilimlerinin t\u0131rmanmas\u0131na ve enerji ile ticarete ba\u011fl\u0131 risklerle ili\u015fkilendirilen y\u00fcksek man\u015fet T\u00dcFE enflasyonuna dikkat \u00e7ekiyor.<\/p>\n

B\u00fcy\u00fcme g\u00f6r\u00fcn\u00fcm\u00fcne ili\u015fkin olarak, tarifelerin yakla\u015f\u0131k mevcut seviyelerde kalmas\u0131n\u0131n gelecek y\u0131l sonuna kadar Kanada GSYH\u2019sini 0,3\u20130,4 y\u00fczde puan a\u015fa\u011f\u0131 \u00e7ekebilece\u011fi belirtiliyor. Notta ayr\u0131ca, verimlilik kriziyle ba\u011flant\u0131l\u0131 zay\u0131f temel e\u011filimlere ve jeopolitik gerilimlere (ABD ve Kanada\u2019n\u0131n kar\u015f\u0131l\u0131kl\u0131 tarifelerinin y\u00fckselmesi ile H\u00fcrm\u00fcz Bo\u011faz\u0131\u2019n\u0131n trafi\u011fe kapal\u0131 kalmas\u0131) at\u0131f yap\u0131l\u0131yor; bunun da politikan\u0131n halihaz\u0131rda %2,25\u2019lik terminal (nihai) faiz oran\u0131nda oldu\u011fuyla uyumlu oldu\u011fu ifade ediliyor.<\/p>\n

Faiz G\u00f6r\u00fcn\u00fcm\u00fcn\u00fcn \u0130\u015flem Stratejilerine Etkisi<\/h3>\n

2 Eyl\u00fcl faiz karar\u0131 \u00f6ncesinde, piyasa beklentileri ile \u00f6ng\u00f6r\u00fcm\u00fcz aras\u0131ndaki fark\u0131n t\u00fcrev i\u015flemler a\u00e7\u0131s\u0131ndan \u00f6nemli bir f\u0131rsat sundu\u011funu d\u00fc\u015f\u00fcn\u00fcyoruz. Piyasa y\u0131l sonuna kadar yakla\u015f\u0131k 17 baz puanl\u0131k s\u0131k\u0131la\u015ft\u0131rmay\u0131 fiyatlarken, BoC\u2019nin gecelik faizi %2,25\u2019te sabit tutmas\u0131n\u0131 bekliyoruz. Yat\u0131r\u0131mc\u0131lar, \u015fahin beklentilerin \u00e7\u00f6z\u00fclmesinden faydalanmak i\u00e7in Kanada gecelik endeks swaplar\u0131nda (OIS) sabit faiz alma (receive fixed) pozisyonu almay\u0131 veya k\u0131sa vadeli CORRA vadeli i\u015flemleri almay\u0131 de\u011ferlendirebilir.<\/p>\n

Ticaret Gerilimleri, Enflasyon ve Ekonomik K\u0131r\u0131lganl\u0131k<\/h3>\n

Son veriler, t\u0131rmanan ticaret gerilimlerinin, \u00f6zellikle yeni ikili tarifeler devreye girdik\u00e7e, Kanada GSYH\u2019sini gelecek y\u0131l boyunca %0,3 ila %0,4 a\u015fa\u011f\u0131 \u00e7ekebilece\u011fini g\u00f6steriyor. 2. \u00e7eyrekte ihracat \u00f6nc\u00fcl\u00fc\u011f\u00fcndeki b\u00fcy\u00fcme diren\u00e7li g\u00f6r\u00fcnm\u00fc\u015f olsa da, artan korumac\u0131 r\u00fczg\u00e2rlar merkez bankas\u0131n\u0131n faizleri daha fazla art\u0131rma kapasitesini ciddi \u015fekilde s\u0131n\u0131rlayacak. Tarihsel olarak, 2018\u2019deki tarife s\u00fcrt\u00fc\u015fmeleri gibi benzer ticaret anla\u015fmazl\u0131klar\u0131nda Kanada\u2019n\u0131n ihracat b\u00fcy\u00fcmesi %1\u2019in alt\u0131na inerken, merkez bankas\u0131 s\u0131k\u0131la\u015ft\u0131rma d\u00f6ng\u00fcs\u00fcne ara vermek zorunda kalm\u0131\u015ft\u0131.<\/p>\n

Man\u015fet enflasyonun, enerji oynakl\u0131\u011f\u0131 ve H\u00fcrm\u00fcz Bo\u011faz\u0131\u2019n\u0131n kapanmas\u0131 gibi arz zinciri bask\u0131lar\u0131yla y\u00fcksek seyrini kabul ediyoruz. Ancak Kanada\u2019n\u0131n yap\u0131sal verimlilik krizi, alttaki ekonominin daha y\u00fcksek bor\u00e7lanma maliyetlerini kald\u0131rmak i\u00e7in fazla k\u0131r\u0131lgan oldu\u011fu anlam\u0131na geliyor. Para politikas\u0131 halihaz\u0131rda %2,25\u2019lik terminal oran\u0131nda oldu\u011fundan, ek faiz art\u0131\u015flar\u0131na bahis yapmak bir yan\u0131lg\u0131d\u0131r; \u00f6n\u00fcm\u00fczdeki haftalarda yat\u0131r\u0131mc\u0131lar\u0131n bu y\u00f6ndeki fiyatlamay\u0131 aktif bi\u00e7imde tersine \u00e7evirmesi (fade) gerekti\u011fine inan\u0131yoruz.<\/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":"

Piyasalar 17 bp s\u0131k\u0131la\u015ft\u0131rma beklerken Rabobank, BoC\u2019nin 2 Eyl\u00fcl\u2019de faizi %2,25\u2019te tutup 2027\u2019ye kadar sabit kalaca\u011f\u0131n\u0131 s\u00f6yl\u00fcyor. Ticaret gerilimi b\u00fcy\u00fcmeyi zay\u0131flat\u0131r; OIS\u2019te receive fixed \u00f6neriyor.<\/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-53458","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