{"id":23053,"date":"2025-01-25T14:58:56","date_gmt":"2025-01-25T14:58:56","guid":{"rendered":"https:\/\/netbakis.net\/?p=23053"},"modified":"2025-01-25T14:58:57","modified_gmt":"2025-01-25T14:58:57","slug":"kuresel-piyasalar-fed-ve-ecbnin-faiz-kararlarina-odaklandi","status":"publish","type":"post","link":"https:\/\/netbakis.net\/tr\/23053\/","title":{"rendered":"K\u00fcresel piyasalar Fed ve ECB&#8217;nin faiz kararlar\u0131na odakland\u0131"},"content":{"rendered":"<p class=\"wp-block-paragraph\"><strong>K\u00fcresel piyasalarda, ge\u00e7en hafta ABD&#8217;de ba\u015fkanl\u0131k g\u00f6revini devralan Donald Trump&#8217;\u0131n beklendi\u011fi \u00f6l\u00e7\u00fcde kapsaml\u0131 tarifeler uygulamamas\u0131n\u0131n etkisiyle pozitif bir seyir \u00f6ne \u00e7\u0131karken, g\u00f6zler gelecek hafta ABD Merkez Bankas\u0131 (Fed) ve Avrupa Merkez Bankas\u0131n\u0131n (ECB) a\u00e7\u0131klayaca\u011f\u0131 faiz kararlar\u0131na \u00e7evrildi.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">ABD&#8217;de ba\u015fkanl\u0131k koltu\u011funa oturan Donald Trump&#8217;\u0131n, \u00c7in&#8217;e kar\u015f\u0131 \u0131l\u0131ml\u0131 yakla\u015f\u0131m\u0131 ve m\u00fczakereye a\u00e7\u0131k oldu\u011funu ifade etmesi, daha \u00f6nce uygulayaca\u011f\u0131n\u0131 belirtti\u011fi tarifelerin uluslararas\u0131 ticaret \u00fczerindeki belirsizliklerini bir nebze de olsa hafifletti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Trump&#8217;\u0131n video konferans y\u00f6ntemiyle kat\u0131ld\u0131\u011f\u0131 Davos&#8217;ta d\u00fczenlenen D\u00fcnya Ekonomik Forumu&#8217;nda (WEF), jeopolitik risklerin giderilmesine ili\u015fkin mesajlar\u0131 ile petrol fiyatlar\u0131 ve faiz oranlar\u0131n\u0131n d\u00fc\u015f\u00fcr\u00fclmesi gerekti\u011fi y\u00f6n\u00fcndeki a\u00e7\u0131klamalar\u0131 da risk alg\u0131s\u0131n\u0131n bir miktar azalmas\u0131na katk\u0131 sa\u011flad\u0131.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u00d6te yandan, Trump&#8217;\u0131n \u00c7in&#8217;e y\u00f6nelik \u0131l\u0131ml\u0131 tutumuna kar\u015f\u0131n, ABD&#8217;nin Kanada, Meksika, Avrupa Birli\u011fi (AB) gibi ticaret partnerlerine y\u00f6nelik tehditleri endi\u015fe olu\u015fturmaya devam ederken, tarifelerin k\u00fcresel ticaret sava\u015flar\u0131n\u0131 tetikleyebilece\u011fine ve ABD&#8217;de enflasyonist bask\u0131lar\u0131 art\u0131rabilece\u011fine ili\u015fkin kayg\u0131lar, varl\u0131k fiyatlar\u0131 \u00fczerinde etkili olmay\u0131 s\u00fcrd\u00fcr\u00fcyor.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bununla birlikte, Trump&#8217;\u0131n ekonomi ve ticaret politikalar\u0131n\u0131n, enflasyonla m\u00fccadelede \u00f6nemli ilerleme kaydeden Fed&#8217;in ataca\u011f\u0131 ad\u0131mlarla \u00e7eli\u015febilece\u011fi y\u00f6n\u00fcndeki endi\u015feler s\u00fcrerken, Fed&#8217;in gelecek hafta a\u00e7\u0131klayaca\u011f\u0131 para politikas\u0131 kararlar\u0131 ba\u015fta olmak \u00fczere yo\u011fun veri g\u00fcndemi yat\u0131r\u0131mc\u0131lar\u0131n oda\u011f\u0131na yerle\u015fti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Para piyasalar\u0131ndaki fiyatlamalarda Fed&#8217;in y\u0131l\u0131n ilk yar\u0131s\u0131nda faiz indirimi yapaca\u011f\u0131na y\u00f6nelik \u00f6ng\u00f6r\u00fcler g\u00fc\u00e7l\u00fc kalmaya devam ediyor. Bankan\u0131n bu ay faizi sabit tutaca\u011f\u0131na kesin g\u00f6z\u00fcyle bak\u0131l\u0131rken, haziran ay\u0131nda y\u00fczde 96 ihtimalle politika faizini 25 baz puan indirece\u011fi tahmin ediliyor.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Analistler, Fed&#8217;in faiz karar\u0131n\u0131n piyasalarda oynakl\u0131\u011f\u0131 art\u0131rabilece\u011fini belirterek, karar\u0131n a\u00e7\u0131klanmas\u0131n\u0131n ard\u0131ndan Fed Ba\u015fkan\u0131 Jerome Powell&#8217;\u0131n bas\u0131n toplant\u0131s\u0131nda yapaca\u011f\u0131 a\u00e7\u0131klamalarda bankan\u0131n projeksiyonlara ili\u015fkin ipu\u00e7lar\u0131 aranaca\u011f\u0131n\u0131 ifade etti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Makroekonomik veri taraf\u0131nda, ABD&#8217;de Michigan \u00dcniversitesince \u00f6l\u00e7\u00fclen t\u00fcketici g\u00fcven endeksi, ocakta a\u015fa\u011f\u0131 y\u00f6nl\u00fc revize edilerek 71,1 oldu.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u00dclkede t\u00fcketici g\u00fcveni, i\u015fsizlik ve olas\u0131 tarifelerin enflasyon \u00fczerindeki etkilerine ili\u015fkin endi\u015felerle alt\u0131 ay\u0131n ard\u0131ndan ilk kez d\u00fc\u015f\u00fc\u015f kaydetti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">T\u00fcketicilerin k\u0131sa vadeli enflasyon beklentisi ocakta y\u00fczde 2,8&#8217;den 3,3&#8217;e \u00e7\u0131karken, May\u0131s 2024&#8217;ten bu yana en y\u00fcksek seviyesini g\u00f6rd\u00fc. Uzun vadeli enflasyon beklentisi de y\u00fczde 3&#8217;ten 3,2&#8217;ye y\u00fckseldi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">ABD&#8217;de imalat sanayi Sat\u0131nalma Y\u00f6neticileri Endeksi (PMI), ocakta ayl\u0131k 0,7 puan artarak 50,1 ile piyasa beklentilerinin \u00fczerinde ger\u00e7ekle\u015firken, hizmet sekt\u00f6r\u00fc PMI ise ayn\u0131 d\u00f6nemde 4 puan azal\u0131\u015fla 52,8&#8217;e inerek piyasa beklentilerinin alt\u0131nda kald\u0131.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u00dclkede ilk kez i\u015fsizlik maa\u015f\u0131 ba\u015fvurusunda bulunanlar\u0131n say\u0131s\u0131 18 Ocak ile biten haftada 223 bine y\u00fckselerek piyasa beklentilerinin \u00fczerinde ger\u00e7ekle\u015fti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">S\u00f6z konusu geli\u015fmelerle ge\u00e7en hafta y\u00fczde 4,53 seviyesine kadar gerileyen ABD&#8217;nin 10 y\u0131ll\u0131k tahvil faizi y\u00fczde 4,62 seviyesinde dengelendi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Alt\u0131n\u0131n ons fiyat\u0131 haftal\u0131k bazda y\u00fczde 2,64 y\u00fckseli\u015fle 2 bin 772 dolardan al\u0131c\u0131 buldu.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Dolar endeksi haftal\u0131k bazda y\u00fczde 1,79 d\u00fc\u015f\u00fc\u015fle 109,7 seviyesine \u00e7ekilirken, Brent petrol\u00fcn varil fiyat\u0131 da y\u00fczde 2,91 azal\u0131\u015fla 77,5 dolara indi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8211; New York borsas\u0131 pozitif seyretti<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">ABD&#8217;de bilan\u00e7o sezonu devam ederken Microsoft, Meta, Apple ve Tesla gibi teknoloji devlerinin gelecek hafta a\u00e7\u0131klanacak bilan\u00e7olar\u0131 bekleniyor.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Trump, \u00c7in&#8217;e ili\u015fkin &#8220;\u0131l\u0131ml\u0131&#8221; olarak yorumlanabilecek a\u00e7\u0131klamalarda bulunmas\u0131, bu \u00fclkeye kar\u015f\u0131 g\u00fcmr\u00fck vergileri uygulamak zorunda kalmamay\u0131 tercih etti\u011fini s\u00f6ylemesinin ard\u0131ndan Amerikan borsalar\u0131nda i\u015flem g\u00f6ren baz\u0131 \u00c7inli \u015firketlerin hisselerinde y\u00fckseli\u015f g\u00f6r\u00fcld\u00fc.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bu geli\u015fmelerle haftal\u0131k bazda S&amp;P 500 endeksi y\u00fczde 1,74, Nasdaq endeksi y\u00fczde 1,55 ve Dow Jones endeksi y\u00fczde 2,15 de\u011fer kazand\u0131.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Pazartesi Chicago Ulusal Aktivite Endeksi, yeni konut sat\u0131\u015flar\u0131, sal\u0131 Conference Board T\u00fcketici G\u00fcven Endeksi, Richmond Fed Sanayi Endeksi, dayan\u0131kl\u0131 mal sipari\u015fler, \u00e7ar\u015famba Fed&#8217;in faiz karar\u0131, Fed Ba\u015fkan\u0131 Powell&#8217;\u0131n bas\u0131n toplant\u0131s\u0131, per\u015fembe b\u00fcy\u00fcme, haftal\u0131k i\u015fsizlik maa\u015f\u0131 ba\u015fvurular\u0131, bekleyen konut sat\u0131\u015flar\u0131, cuma ki\u015fisel t\u00fcketim harcamalar\u0131 fiyat endeksi verileri takip edilecek.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8211; Avrupa&#8217;da g\u00f6zler ECB&#8217;nin faiz karar\u0131nda<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Avrupa borsalar\u0131nda ge\u00e7en hafta kar\u0131\u015f\u0131k bir seyir \u00f6ne \u00e7\u0131karken, g\u00f6zler gelecek hafta a\u00e7\u0131klanacak ECB&#8217;nin faiz karar\u0131 ve ard\u0131ndan ECB Ba\u015fkan\u0131 Christine Lagarde&#8217;\u0131n yapaca\u011f\u0131 a\u00e7\u0131klamalara \u00e7evrildi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u00d6te yandan, D\u00fcnya Ekonomik Forumu&#8217;nun (WEF) 55. Y\u0131ll\u0131k Toplant\u0131lar\u0131 sona erdi. \u0130svi\u00e7re&#8217;nin Davos kasabas\u0131nda 20 Ocak&#8217;ta a\u00e7\u0131l\u0131\u015f t\u00f6reniyle ba\u015flayan zirve, bu y\u0131l &#8220;Ak\u0131ll\u0131 \u00c7a\u011fda \u0130\u015fbirli\u011fi&#8221; temas\u0131yla d\u00fczenlendi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Zirvede 220 oturum ger\u00e7ekle\u015ftirilirken, 130&#8217;dan fazla \u00fclkeden i\u015f insan\u0131, siyaset\u00e7i, akademisyen ve sivil toplum kurulu\u015fu temsilcisi olmak \u00fczere 3 bin kat\u0131l\u0131mc\u0131 bir araya geldi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Yakla\u015f\u0131k 60 devlet ba\u015fkan\u0131 ve ba\u015fbakan\u0131n da kat\u0131ld\u0131\u011f\u0131 zirvede, k\u00fcresel belirsizlikler, ABD&#8217;de yeni ba\u015fkanl\u0131k d\u00f6nemi, ABD-\u00c7in ili\u015fkileri, Ukrayna ve Orta Do\u011fu&#8217;daki geli\u015fmeler, yapay zeka, temiz enerji d\u00f6n\u00fc\u015f\u00fcm\u00fc ve korumac\u0131 ticaret politikalar\u0131 dahil olmak \u00fczere bir\u00e7ok konu ele al\u0131nd\u0131.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">ECB Ba\u015fkan\u0131 Lagarde burada yapt\u0131\u011f\u0131 a\u00e7\u0131klamalarda, Avrupa Birli\u011fi (AB) ve ABD&#8217;nin ticari sorunlar\u0131 m\u00fczakere ederek ili\u015fkileri g\u00fcvenli bir \u00e7er\u00e7eveye oturtmas\u0131 gerekti\u011fini bildirdi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Uluslararas\u0131 Para Fonu (IMF) Ba\u015fkan\u0131 Kristalina Georgieva da, \u0130svi\u00e7re&#8217;nin k\u00fcresel enflasyonla m\u00fccadele s\u00fcrecinin hen\u00fcz bitmedi\u011finin alt\u0131n\u0131 \u00e7izdi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">WEF Ba\u015fkan\u0131 Borge Brende ise kapan\u0131\u015f konu\u015fmas\u0131nda, bu hafta boyunca siyasi, jeopolitik ve makroekonomik a\u00e7\u0131dan muazzam bir belirsizli\u011fin ya\u015fand\u0131\u011f\u0131n\u0131n g\u00f6r\u00fcld\u00fc\u011f\u00fcn\u00fc belirterek, &#8220;\u015eu anda, kritik siyasi \u00f6nceliklerin kar\u015f\u0131lanmas\u0131 i\u00e7in zaman h\u0131zla daral\u0131yor.&#8221; dedi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">S&amp;P Global ve Hamburg Ticaret Bankas\u0131 (HCOB), Avro B\u00f6lgesi&#8217;nin ocak ay\u0131na ili\u015fkin Sat\u0131nalma Y\u00f6neticileri Endeksi (PMI) \u00f6nc\u00fc verilerini a\u00e7\u0131klad\u0131.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Verilere g\u00f6re, Avro B\u00f6lgesi&#8217;nde aral\u0131kta 49,6 olan bile\u015fik PMI ocakta 50,2&#8217;ye \u00e7\u0131kt\u0131. Bile\u015fik PMI son 5 ay\u0131n en y\u00fcksek seviyesini g\u00f6rd\u00fc.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Aral\u0131kta 45,1 olan imalat sanayi PMI da ocakta 46,1&#8217;e y\u00fckselerek son 8 ay\u0131n en \u00fcst seviyesine ula\u015ft\u0131.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bu d\u00f6nemde hizmet sekt\u00f6r\u00fc PMI ise 51,6&#8217;dan 51,4&#8217;e indi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">S\u00f6z konusu geli\u015fmelerle haftal\u0131k bazda Fransa&#8217;da CAC 40 endeksi y\u00fczde 2,83 ve Almanya&#8217;da DAX 40 endeksi y\u00fczde 2,73 y\u00fckselirken, \u0130ngiltere&#8217;de FTSE 100 endeksi yatay seyretti. \u0130talya&#8217;da MIB 30 endeksi ise y\u00fczde 0,18 de\u011fer kaybetti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Gelecek hafta pazartesi Almanya&#8217;da Ekonomi Ara\u015ft\u0131rma Enstit\u00fcs\u00fcn\u00fcn (Ifo) \u0130\u015f Ortam\u0131 G\u00fcven Endeksi, per\u015fembe ECB&#8217;nin faiz karar\u0131, ECB Ba\u015fkan\u0131 Lagarde&#8217;\u0131n bas\u0131n toplant\u0131s\u0131, Avro B\u00f6lgesi&#8217;nde b\u00fcy\u00fcme, i\u015fsizlik oran\u0131, T\u00fcketici G\u00fcven Endeksi, Almanya&#8217;da b\u00fcy\u00fcme, cuma Almanya&#8217;da enflasyon ve i\u015fsizlik oran\u0131 verileri takip edilecek.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>&#8211; Asya borsalar\u0131 al\u0131\u015f a\u011f\u0131rl\u0131kl\u0131 seyretti<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Asya taraf\u0131nda ise Trump&#8217;\u0131n \u00c7in&#8217;e y\u00f6nelik \u0131l\u0131ml\u0131 olarak yorumlanan a\u00e7\u0131klamalar\u0131, b\u00f6lgedeki risk i\u015ftah\u0131n\u0131 art\u0131rarak pozitif bir seyir izlenmesine yol a\u00e7t\u0131.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">B\u00f6lgede, Japonya Merkez Bankas\u0131 (BoJ), politika faizini 17 y\u0131l\u0131n en y\u00fcksek seviyesine \u00e7\u0131kararak, beklentiler do\u011frultusunda 25 baz puanl\u0131k art\u0131\u015fla y\u00fczde 0,50 seviyesine y\u00fckseltti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bankadan yap\u0131lan a\u00e7\u0131klamada \u00fccretler artmaya devam ederken, temel enflasyonun y\u00fczde 2&#8217;ye do\u011fru kademeli olarak artt\u0131\u011f\u0131 ifade edildi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Yenin de\u011fer kaybetmesi gibi nedenlerle ithalat fiyatlar\u0131ndaki art\u0131\u015f\u0131n etkisiyle enflasyonun 2025 mali y\u0131l\u0131nda y\u00fczde 2,5 civar\u0131nda olmas\u0131n\u0131n muhtemel oldu\u011fu kaydedilen a\u00e7\u0131klamada, k\u00fcresel finans ve sermaye piyasalar\u0131n\u0131n genel olarak istikrarl\u0131 seyretti\u011fini ancak \u00e7e\u015fitli belirsizlikler oldu\u011fu kaydedildi.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ayr\u0131ca a\u00e7\u0131klamada Ocak G\u00f6r\u00fcn\u00fcm Raporu&#8217;nda sunulan g\u00f6r\u00fcn\u00fcm\u00fcn ger\u00e7ekle\u015fmesi halinde, bankan\u0131n politika faiz oran\u0131n\u0131 art\u0131rmaya ve parasal geni\u015flemenin derecesini ayarlamaya devam edece\u011fi aktar\u0131ld\u0131.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Japonya&#8217;da cuma g\u00fcn\u00fc a\u00e7\u0131klanan verilere g\u00f6re aral\u0131k ay\u0131nda T\u00fcketici Fiyat Endeksi y\u0131ll\u0131k bazda y\u00fczde 3,9 ile beklentilerin \u00fczerinde ger\u00e7ekle\u015firken, ocak ay\u0131na ili\u015fkin imalat sanayi PMI 51,1 oldu.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u00d6te yandan, Trump&#8217;\u0131n ticari tarifeler konusunda beklenildi\u011fi kadar agresif olmamas\u0131 ve \u015firketlerin ABD&#8217;de imalat yapt\u0131\u011f\u0131 s\u00fcrece tarifelerden etkilenmeyece\u011fine y\u00f6nelik haber ak\u0131\u015f\u0131 \u00c7in&#8217;de risk i\u015ftah\u0131n\u0131n y\u00fckselmesini destekledi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ticari tarife s\u00f6ylemlerine y\u00f6nelik a\u00e7\u0131klamalarda bulunan \u00c7in Ba\u015fbakan Yard\u0131mc\u0131s\u0131 Ding Xuexiang korumac\u0131l\u0131kla hi\u00e7bir yere var\u0131lamayaca\u011f\u0131n\u0131 belirterek &#8220;Bir ticaret sava\u015f\u0131nda kazanan olmaz.&#8221; dedi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u00dclkenin ticaret fazlas\u0131 pe\u015finde olmad\u0131\u011f\u0131n\u0131 ifade eden Ding, ticareti dengelemek i\u00e7in y\u00fcksek kaliteli \u00fcr\u00fcn ve hizmetler ithal etmeye istekli olduklar\u0131n\u0131 s\u00f6yledi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bu geli\u015fmelerle ge\u00e7en hafta Hong Kong&#8217;da Hang Seng Endeksi y\u00fczde 2,46, \u00c7in&#8217;de \u015eanghay Bile\u015fik endeksi y\u00fczde 0,33, G\u00fcney Kore&#8217;de Kospi endeksi y\u00fczde 0,53 ve Japonya&#8217;da Nikkei 225 endeksi y\u00fczde 3,93 y\u00fckseldi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Gelecek hafta pazartesi \u00c7in&#8217;de sanayi karlar\u0131, China Federation of Logistics and Purchasing (CFLP) imalat ve hizmet sekt\u00f6rleri PMI, cuma \u00c7in&#8217;de Caixin imalat sekt\u00f6r\u00fc PMI, Japonya&#8217;da Tokyo T\u00fcketici Fiyat Endeksi (T\u00dcFE), sanayi \u00fcretimi, perakende sat\u0131\u015flar ve i\u015fsizlik oran\u0131 verileri kar\u015f\u0131lanacak.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Pazartesi hari\u00e7 geri kalan i\u015flem g\u00fcnlerinde Asya&#8217;da baz\u0131 borsalar \u00c7in yeni y\u0131l\u0131 nedeniyle kapal\u0131 olacak.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>&#8211; Yurt i\u00e7inde TCMB&#8217;nin faiz karar\u0131 takip edildi<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Yurt i\u00e7inde ge\u00e7en hafta y\u00fckseli\u015f e\u011filimi \u00f6ne \u00e7\u0131kt\u0131. Borsa \u0130stanbul&#8217;da BIST 100 endeksi haftay\u0131 y\u00fczde 1,27 de\u011fer kazanarak 10.104,85 puandan tamamlad\u0131.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">T\u00fcrkiye Cumhuriyet Merkez Bankas\u0131 (TCMB) Para Politikas\u0131 Kurulu (PPK), 2025 y\u0131l\u0131n\u0131n ilk toplant\u0131s\u0131nda politika faizi olan bir hafta vadeli repo ihale faiz oran\u0131n\u0131 250 baz puan d\u00fc\u015f\u00fcrerek y\u00fczde 45&#8217;e \u00e7ekti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Aral\u0131k ay\u0131nda enflasyonun ana e\u011filimi gerilerken \u00f6nc\u00fc verilerin ocak ay\u0131nda \u00f6ng\u00f6r\u00fclerle uyumlu bir art\u0131\u015fa i\u015faret etti\u011fi belirtilen karar metninde, &#8220;Bu geli\u015fmede, zamana ba\u011fl\u0131 fiyat belirleme ve ge\u00e7mi\u015f enflasyona endeksleme e\u011filimi y\u00fcksek hizmet kalemleri \u00f6ne \u00e7\u0131kmaktad\u0131r. &#8221; ifadesi kullan\u0131ld\u0131.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Metinde, temel mal enflasyonunun g\u00f6rece d\u00fc\u015f\u00fck seyretti\u011fi aktar\u0131larak, son \u00e7eyre\u011fe ili\u015fkin g\u00f6stergelerin yurt i\u00e7i talebin enflasyondaki d\u00fc\u015f\u00fc\u015f\u00fc destekleyici seviyelerde bulundu\u011funu g\u00f6sterdi\u011fi kaydedildi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bununla birlikte, uluslararas\u0131 derecelendirme kurulu\u015fu Moody&#8217;s, T\u00fcrkiye&#8217;nin kredi notuyla ilgili bir karar almazken \u00fclkeye ili\u015fkin periyodik de\u011ferlendirmesini tamamlad\u0131\u011f\u0131n\u0131 duyurdu.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Kredi derecelendirme kurulu\u015fundan yap\u0131lan a\u00e7\u0131klamada, T\u00fcrkiye&#8217;nin kredi notlar\u0131n\u0131n, \u00fclkenin b\u00fcy\u00fck, \u00e7e\u015fitlendirilmi\u015f ve diren\u00e7li ekonomisi, \u0131l\u0131ml\u0131 kamu bor\u00e7 y\u00fck\u00fc ve iyile\u015fen para ve makroekonomik politika etkinli\u011fiyle desteklendi\u011fi aktar\u0131ld\u0131.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A\u00e7\u0131klamada, \u00f6nemli \u00f6l\u00e7\u00fcde s\u0131k\u0131la\u015ft\u0131r\u0131lan para politikas\u0131 duru\u015funun, yurt i\u00e7i kredi b\u00fcy\u00fcmesini s\u0131n\u0131rlad\u0131\u011f\u0131 ve T\u00fcrk liras\u0131na olan g\u00fcveni art\u0131rd\u0131\u011f\u0131, ekonominin yeniden dengelenmesini sa\u011flad\u0131\u011f\u0131, enflasyonist bask\u0131lar\u0131 azaltt\u0131\u011f\u0131, cari a\u00e7\u0131\u011f\u0131 daraltt\u0131\u011f\u0131 ve yabanc\u0131 sermaye giri\u015fini te\u015fvik etti\u011fi belirtildi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Enflasyondaki d\u00fc\u015f\u00fc\u015f\u00fcn bu y\u0131l da devam etmesinin ve y\u0131l sonunda yakla\u015f\u0131k y\u00fczde 30&#8217;a gerilemesinin beklendi\u011fi aktar\u0131lan a\u00e7\u0131klamada, swaplar hari\u00e7 merkez bankas\u0131 d\u00f6viz rezervlerinin art\u0131k sa\u011flam bir \u015fekilde pozitif oldu\u011fu ve d\u0131\u015f k\u0131r\u0131lganl\u0131k risklerini azaltt\u0131\u011f\u0131 vurguland\u0131.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u00d6te yandan Dolar\/TL, haftay\u0131 bir \u00f6nceki kapan\u0131\u015f\u0131n y\u00fczde 0,3 \u00fczerinde 35,6790&#8217;dan kapatt\u0131.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Yurt i\u00e7inde gelecek hafta pazartesi Reel Kesim G\u00fcven Endeksi, kapasite kullan\u0131m\u0131, per\u015fembe Ekonomik G\u00fcven Endeksi, cuma d\u0131\u015f ticaret dengesi verileri ile uluslararas\u0131 kredi derecelendirme kurulu\u015fu Fitch Ratings&#8217;in beklenen T\u00fcrkiye de\u011ferlendirmesi takip edilecek.<\/p>","protected":false},"excerpt":{"rendered":"<p>K\u00fcresel piyasalarda, ge\u00e7en hafta ABD&#8217;de ba\u015fkanl\u0131k g\u00f6revini devralan Donald Trump&#8217;\u0131n beklendi\u011fi \u00f6l\u00e7\u00fcde kapsaml\u0131 tarifeler uygulamamas\u0131n\u0131n etkisiyle pozitif bir seyir \u00f6ne \u00e7\u0131karken, g\u00f6zler gelecek hafta ABD Merkez Bankas\u0131 (Fed) ve Avrupa Merkez Bankas\u0131n\u0131n (ECB) a\u00e7\u0131klayaca\u011f\u0131 faiz kararlar\u0131na \u00e7evrildi. ABD&#8217;de ba\u015fkanl\u0131k koltu\u011funa oturan Donald Trump&#8217;\u0131n, \u00c7in&#8217;e kar\u015f\u0131 \u0131l\u0131ml\u0131 yakla\u015f\u0131m\u0131 ve m\u00fczakereye a\u00e7\u0131k oldu\u011funu ifade etmesi, daha \u00f6nce [&hellip;]<\/p>","protected":false},"author":1,"featured_media":6914,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[81],"tags":[],"class_list":["post-23053","post","type-post","status-publish","format-standard","has-post-thumbnail","category-gundem"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>K\u00fcresel piyasalar Fed ve ECB&#039;nin faiz kararlar\u0131na odakland\u0131 - NETBAKIS<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/netbakis.net\/tr\/23053\/\" \/>\n<meta property=\"og:locale\" content=\"tr_TR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"K\u00fcresel piyasalar Fed ve ECB&#039;nin faiz kararlar\u0131na odakland\u0131 - NETBAKIS\" \/>\n<meta property=\"og:description\" content=\"K\u00fcresel piyasalarda, ge\u00e7en hafta ABD&#8217;de ba\u015fkanl\u0131k g\u00f6revini devralan Donald Trump&#8217;\u0131n beklendi\u011fi \u00f6l\u00e7\u00fcde kapsaml\u0131 tarifeler uygulamamas\u0131n\u0131n etkisiyle pozitif bir seyir \u00f6ne \u00e7\u0131karken, g\u00f6zler gelecek hafta ABD Merkez Bankas\u0131 (Fed) ve Avrupa Merkez Bankas\u0131n\u0131n (ECB) a\u00e7\u0131klayaca\u011f\u0131 faiz kararlar\u0131na \u00e7evrildi. ABD&#8217;de ba\u015fkanl\u0131k koltu\u011funa oturan Donald Trump&#8217;\u0131n, \u00c7in&#8217;e kar\u015f\u0131 \u0131l\u0131ml\u0131 yakla\u015f\u0131m\u0131 ve m\u00fczakereye a\u00e7\u0131k oldu\u011funu ifade etmesi, daha \u00f6nce [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/netbakis.net\/tr\/23053\/\" \/>\n<meta property=\"og:site_name\" content=\"NETBAKIS\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-25T14:58:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-01-25T14:58:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/netbakis.net\/wp-content\/uploads\/2022\/07\/thumbs_b_c_8ab1e1ebd256ca9ab05c47ff348a66a4.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"netbakis.net\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Yazan:\" \/>\n\t<meta name=\"twitter:data1\" content=\"netbakis.net\" \/>\n\t<meta name=\"twitter:label2\" content=\"Tahmini okuma s\u00fcresi\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 dakika\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/netbakis.net\/tr\/23053\/\",\"url\":\"https:\/\/netbakis.net\/tr\/23053\/\",\"name\":\"K\u00fcresel piyasalar Fed ve ECB'nin faiz kararlar\u0131na odakland\u0131 - 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