{"status":true,"post":{"id":19791,"user_id":11,"status":1,"type":1,"orde":null,"notification_type":3,"static_post":0,"published_at":"2022-10-24 13:40:08","created_at":"2019-01-20T21:00:00.000000Z","updated_at":"2022-10-24T10:40:08.000000Z","edited_at":"2024-12-17 22:35:21","source_id":null,"post_id":19791,"is_featured":0,"title":"TCMB\u2019den \u2018s\u0131k\u0131 duru\u015fa\u2019 devam","slider_title":null,"slider_title_2":null,"slider_spot_title":null,"slider_spot_title_2":null,"home_title":null,"sub_title":null,"category_id":73,"description":null,"content":"  \t\t\t\t\t  \t\t\t\t\t<p><span class=\"large\">Kimi uluslararas\u0131 finans kurumlar\u0131n\u0131n \u00f6ne \u00e7\u0131kard\u0131\u011f\u0131 beklentilere ve kimi ekonomistlerin \u00f6ng\u00f6r\u00fclerine ra\u011fmen geni\u015f bir ekonomi \u00e7evresinin beklentileri do\u011frultusunda, TCMB Para Politikas\u0131 Kurulu (PPK), 2019\u2019un ilk toplant\u0131s\u0131nda para politikas\u0131 faiz setini de\u011fi\u015ftirmedi. TCMB, \u2018s\u0131k\u0131 para politikas\u0131\u2019 duru\u015funun devam etmesi y\u00f6n\u00fcndeki karar\u0131n\u0131n gerek\u00e7esini izah ederken, son d\u00f6nemde a\u00e7\u0131klanan verilerin ekonomideki dengelenme e\u011filiminin belirginle\u015ftirdi\u011fini vurgularken, finansal ko\u015fullardaki s\u0131k\u0131l\u0131\u011f\u0131n da etkisiyle iktisadi faaliyetteki yava\u015flaman\u0131n devam etmesinin alt\u0131n\u0131 \u00e7izdi.<\/span><\/p>  <p><span class=\"large\"><strong>CAR\u0130 DENGEDE \u0130Y\u0130LE\u015eME E\u011e\u0130L\u0130M\u0130<\/strong><\/span><\/p>  <p><span class=\"large\">T\u00fcrkiye\u2019nin ihracatta k\u0131rd\u0131\u011f\u0131 rekorlara ba\u011fl\u0131 olarak, d\u0131\u015f talebin g\u00fcc\u00fcn\u00fc korudu\u011funu belirten TCMB, cari dengedeki iyile\u015fme e\u011filiminin s\u00fcrmesinin beklendi\u011fine i\u015faret etti. Cari dengedeki iyile\u015fme e\u011filiminin s\u00fcrmesinin beklendi\u011fi ifadesi, TCMB PPK a\u00e7\u0131klamas\u0131na ilk kez girdi. TCMB, ithal girdi maliyetleri ve i\u00e7 talep geli\u015fmelerine ba\u011fl\u0131 olarak enflasyon g\u00f6r\u00fcn\u00fcm\u00fcnde bir miktar iyile\u015fme g\u00f6zlenmekle birlikte fiyat istikrar\u0131na y\u00f6nelik risklerin devam etti\u011finin de alt\u0131n\u0131 \u00e7izdi. Bu \u00e7er\u00e7evede kurul, enflasyon g\u00f6r\u00fcn\u00fcm\u00fcnde belirgin bir iyile\u015fme sa\u011flanana kadar s\u0131k\u0131 parasal duru\u015fun korunmas\u0131na karar verdi\u011fini de vurgulad\u0131.<\/span><\/p>  <p><span class=\"large\"><strong>TEMEL AMA\u00c7 F\u0130YAT \u0130ST\u0130KRARI<\/strong><\/span><\/p>  <p><span class=\"large\">Fiyat istikrar\u0131 temel amac\u0131 do\u011frultusunda elindeki b\u00fct\u00fcn ara\u00e7lar\u0131 kullanmaya devam edece\u011fini belirten TCMB \u00fcst y\u00f6netimi, enflasyon beklentileri, fiyatlama davran\u0131\u015flar\u0131, para politikas\u0131 kararlar\u0131n\u0131n gecikmeli etkileri, maliye politikas\u0131n\u0131n dengelenme s\u00fcrecine verece\u011fi katk\u0131 ve enflasyonu etkileyen di\u011fer unsurlardaki geli\u015fmeleri yak\u0131ndan izleyerek, ihtiya\u00e7 duyulmas\u0131 halinde ilave parasal s\u0131k\u0131la\u015ft\u0131rma yap\u0131labilece\u011fini de hat\u0131rlatt\u0131. TCMB\u2019nin bu kararl\u0131 duru\u015fu sonras\u0131nda s\u0131n\u0131rl\u0131 bir yurtd\u0131\u015f\u0131 ve yurti\u00e7i ekonomi \u00e7evresinin iddia etti\u011fi 25 veya 50 baz puanl\u0131k faiz indiriminin ger\u00e7ekle\u015fmemesi ile dolar-TL kurunda da 5.4 TL\u2019nin alt\u0131na do\u011fru bir gev\u015feme g\u00f6zlendi.<\/span><\/p>  <p><span class=\"large\"><strong>TCMB NEDEN FA\u0130Z\u0130 SAB\u0130T TUTMALI?<\/strong><\/span><\/p>  <p><span class=\"large\">TCMB Para Politikas\u0131 Kurulu, \u00fc\u00e7 temel gerek\u00e7eden dolay\u0131 para politikas\u0131 faiz setini y\u0131l\u0131n ilk 6 ay\u0131nda sabit tutmal\u0131. Birinci temel gerek\u00e7e, T\u00fcrkiye ekonomisi\u2019nin \u2018\u00e7apa\u2019 ihtiyac\u0131. Geli\u015fmekte olan \u00fclkelerin uluslararas\u0131 ekonomi \u00e7evrelerindeki alg\u0131lar\u0131n\u0131 etkin bir \u015fekilde y\u00f6netmeleri \u2018\u00e7apa\u2019 olarak tan\u0131mlanabilecek ba\u015fl\u0131klar \u00fczerinden y\u00fcr\u00fcyor. T\u00fcrkiye\u2019nin 8-10 y\u0131l \u00f6ncesinde \u00f6nemli \u2018\u00e7apa\u2019lar\u0131ndan biri, AB\u2019ye tam \u00fcye adayl\u0131\u011f\u0131 ve m\u00fczakere\u2019 \u00e7apas\u0131yd\u0131. AB \u00fcyesi \u00fclkelerin s\u00fcr\u00fcklendikleri ekonomik ve siyasi \u00e7alkant\u0131lar, a\u00e7mazlar ve bir \u00f6l\u00e7\u00fcde bu \u00e7alkant\u0131lar\u0131n da tetikledi\u011fi \u2018a\u015f\u0131r\u0131 sa\u011fc\u0131la\u015fma\u2019 s\u00fcreci, T\u00fcrkiye-AB ili\u015fkilerinde \u00f6nemli k\u0131r\u0131lmalara neden oldu. Bug\u00fcn AB taraf\u0131, enerji arz g\u00fcvenli\u011fi ba\u015fta olmak \u00fczere Avrasya\u2019n\u0131n oyun kurucu bir \u00fclkesi olarak, T\u00fcrkiye\u2019ye her anlamda ihtiyac\u0131 oldu\u011funun fark\u0131nda. Ancak, T\u00fcrkiye-AB ili\u015fkilerinin yeniden bir \u2018\u00e7apa\u2019ya d\u00f6n\u00fc\u015fmesi yak\u0131n d\u00f6nem i\u00e7in kolay g\u00f6z\u00fckm\u00fcyor.<\/span><\/p>  <p><span class=\"large\">Bu nedenle, \u2018kamu mali disiplini\u2019ne y\u00f6nelik ba\u015far\u0131s\u0131, b\u00fct\u00e7e dengesi ve kamu borcunun s\u00fcrd\u00fcr\u00fclebilirlili\u011fi T\u00fcrkiye ekonomisinin k\u00fcresel alg\u0131s\u0131 a\u00e7\u0131s\u0131ndan \u00f6nemli bir \u2018\u00e7apa\u2019 ise di\u011fer bir \u00e7apan\u0131n da \u2018s\u0131k\u0131 para politikas\u0131 duru\u015fu\u2019 oldu\u011fu g\u00f6z ard\u0131 edilmemeli. <\/span><\/p>  <p><span class=\"large\">\u0130kinci temel gerek\u00e7e, s\u00f6z konusu para politikas\u0131 faiz setinin d\u00f6viz kurlar\u0131na getirdi\u011fi sakinlik. \u00dc\u00e7\u00fcnc\u00fc gerek\u00e7e ise s\u00f6z konusu para politikas\u0131 faiz setinin, d\u00f6viz kurlar\u0131ndaki dalgalanmay\u0131 ortadan kald\u0131rmas\u0131 \u00f6l\u00e7\u00fcs\u00fcnde, kur art\u0131\u015flar\u0131n\u0131n enflasyona ge\u00e7i\u015fkenli\u011fini azaltmas\u0131 ve T\u00fcrkiye ekonomisinin enflasyonla m\u00fccadelesine katk\u0131da bulunmas\u0131. Merkez Bankas\u0131\u2019n\u0131n para politikas\u0131 faiz seti bir duru\u015f ve mesajd\u0131r; bankac\u0131l\u0131k sistemindeki mevduat ve kredi faiz oranlar\u0131na do\u011frudan bir etkisi yoktur. Tersine, para politikas\u0131ndaki s\u0131k\u0131 duru\u015f sayesinde esas enflasyon ne kadar h\u0131zl\u0131 a\u015fa\u011f\u0131 gelir ise mevduat ve kredi faiz oranlar\u0131 da o kadar h\u0131zl\u0131 a\u015fa\u011f\u0131 iner. <\/span><br><span class=\"large\"> Bu nedenle, Para Politikas\u0131 Kurulu\u2019nun haziran ay\u0131na kadar politika faiz setine dokunmamas\u0131 yerinde olacak.<\/span><\/p>  \t\t\t\t","slug":"tcmbden-siki-durusa-devam","tags":"K\u00f6\u015fe Yaz\u0131s\u0131","meta_title":"TCMB\u2019den \u2018s\u0131k\u0131 duru\u015fa\u2019 devam","meta_description":"Prof. Dr. Kerem Alkin","meta_keywords":"K\u00f6\u015fe Yaz\u0131s\u0131","news_cover_min":null,"news_cover":null,"news_video_min":null,"news_video":null,"view_count":83,"cropped_1200x675":null,"user":{"id":11,"name":"KEREM","surname":"ALK\u0130N","email":"irem05@daglaroglu.com","slug":"prof-dr-kerem-alkin","avatar":"\/front\/uploads\/avatar\/17336916000GNrERW0ucj2Ja7.webp","status":1,"role":1,"email_verified_at":null,"orde":null,"created_at":"2022-09-15T09:39:41.000000Z","updated_at":"2024-12-18T09:50:43.000000Z","seo_title":null,"seo_description":null},"translations":[{"id":19890,"is_featured":0,"is_amp":0,"is_ads":0,"ads_link":null,"post_id":19791,"locale":"tr","category_id":73,"title":"TCMB\u2019den \u2018s\u0131k\u0131 duru\u015fa\u2019 devam","home_title":null,"sub_title":null,"slider_title":null,"slider_title_2":null,"slider_spot_title":null,"slider_spot_title_2":null,"subtitleuse":0,"description":null,"content":"  \t\t\t\t\t  \t\t\t\t\t<p><span class=\"large\">Kimi uluslararas\u0131 finans kurumlar\u0131n\u0131n \u00f6ne \u00e7\u0131kard\u0131\u011f\u0131 beklentilere ve kimi ekonomistlerin \u00f6ng\u00f6r\u00fclerine ra\u011fmen geni\u015f bir ekonomi \u00e7evresinin beklentileri do\u011frultusunda, TCMB Para Politikas\u0131 Kurulu (PPK), 2019\u2019un ilk toplant\u0131s\u0131nda para politikas\u0131 faiz setini de\u011fi\u015ftirmedi. TCMB, \u2018s\u0131k\u0131 para politikas\u0131\u2019 duru\u015funun devam etmesi y\u00f6n\u00fcndeki karar\u0131n\u0131n gerek\u00e7esini izah ederken, son d\u00f6nemde a\u00e7\u0131klanan verilerin ekonomideki dengelenme e\u011filiminin belirginle\u015ftirdi\u011fini vurgularken, finansal ko\u015fullardaki s\u0131k\u0131l\u0131\u011f\u0131n da etkisiyle iktisadi faaliyetteki yava\u015flaman\u0131n devam etmesinin alt\u0131n\u0131 \u00e7izdi.<\/span><\/p>  <p><span class=\"large\"><strong>CAR\u0130 DENGEDE \u0130Y\u0130LE\u015eME E\u011e\u0130L\u0130M\u0130<\/strong><\/span><\/p>  <p><span class=\"large\">T\u00fcrkiye\u2019nin ihracatta k\u0131rd\u0131\u011f\u0131 rekorlara ba\u011fl\u0131 olarak, d\u0131\u015f talebin g\u00fcc\u00fcn\u00fc korudu\u011funu belirten TCMB, cari dengedeki iyile\u015fme e\u011filiminin s\u00fcrmesinin beklendi\u011fine i\u015faret etti. Cari dengedeki iyile\u015fme e\u011filiminin s\u00fcrmesinin beklendi\u011fi ifadesi, TCMB PPK a\u00e7\u0131klamas\u0131na ilk kez girdi. TCMB, ithal girdi maliyetleri ve i\u00e7 talep geli\u015fmelerine ba\u011fl\u0131 olarak enflasyon g\u00f6r\u00fcn\u00fcm\u00fcnde bir miktar iyile\u015fme g\u00f6zlenmekle birlikte fiyat istikrar\u0131na y\u00f6nelik risklerin devam etti\u011finin de alt\u0131n\u0131 \u00e7izdi. Bu \u00e7er\u00e7evede kurul, enflasyon g\u00f6r\u00fcn\u00fcm\u00fcnde belirgin bir iyile\u015fme sa\u011flanana kadar s\u0131k\u0131 parasal duru\u015fun korunmas\u0131na karar verdi\u011fini de vurgulad\u0131.<\/span><\/p>  <p><span class=\"large\"><strong>TEMEL AMA\u00c7 F\u0130YAT \u0130ST\u0130KRARI<\/strong><\/span><\/p>  <p><span class=\"large\">Fiyat istikrar\u0131 temel amac\u0131 do\u011frultusunda elindeki b\u00fct\u00fcn ara\u00e7lar\u0131 kullanmaya devam edece\u011fini belirten TCMB \u00fcst y\u00f6netimi, enflasyon beklentileri, fiyatlama davran\u0131\u015flar\u0131, para politikas\u0131 kararlar\u0131n\u0131n gecikmeli etkileri, maliye politikas\u0131n\u0131n dengelenme s\u00fcrecine verece\u011fi katk\u0131 ve enflasyonu etkileyen di\u011fer unsurlardaki geli\u015fmeleri yak\u0131ndan izleyerek, ihtiya\u00e7 duyulmas\u0131 halinde ilave parasal s\u0131k\u0131la\u015ft\u0131rma yap\u0131labilece\u011fini de hat\u0131rlatt\u0131. TCMB\u2019nin bu kararl\u0131 duru\u015fu sonras\u0131nda s\u0131n\u0131rl\u0131 bir yurtd\u0131\u015f\u0131 ve yurti\u00e7i ekonomi \u00e7evresinin iddia etti\u011fi 25 veya 50 baz puanl\u0131k faiz indiriminin ger\u00e7ekle\u015fmemesi ile dolar-TL kurunda da 5.4 TL\u2019nin alt\u0131na do\u011fru bir gev\u015feme g\u00f6zlendi.<\/span><\/p>  <p><span class=\"large\"><strong>TCMB NEDEN FA\u0130Z\u0130 SAB\u0130T TUTMALI?<\/strong><\/span><\/p>  <p><span class=\"large\">TCMB Para Politikas\u0131 Kurulu, \u00fc\u00e7 temel gerek\u00e7eden dolay\u0131 para politikas\u0131 faiz setini y\u0131l\u0131n ilk 6 ay\u0131nda sabit tutmal\u0131. Birinci temel gerek\u00e7e, T\u00fcrkiye ekonomisi\u2019nin \u2018\u00e7apa\u2019 ihtiyac\u0131. Geli\u015fmekte olan \u00fclkelerin uluslararas\u0131 ekonomi \u00e7evrelerindeki alg\u0131lar\u0131n\u0131 etkin bir \u015fekilde y\u00f6netmeleri \u2018\u00e7apa\u2019 olarak tan\u0131mlanabilecek ba\u015fl\u0131klar \u00fczerinden y\u00fcr\u00fcyor. T\u00fcrkiye\u2019nin 8-10 y\u0131l \u00f6ncesinde \u00f6nemli \u2018\u00e7apa\u2019lar\u0131ndan biri, AB\u2019ye tam \u00fcye adayl\u0131\u011f\u0131 ve m\u00fczakere\u2019 \u00e7apas\u0131yd\u0131. AB \u00fcyesi \u00fclkelerin s\u00fcr\u00fcklendikleri ekonomik ve siyasi \u00e7alkant\u0131lar, a\u00e7mazlar ve bir \u00f6l\u00e7\u00fcde bu \u00e7alkant\u0131lar\u0131n da tetikledi\u011fi \u2018a\u015f\u0131r\u0131 sa\u011fc\u0131la\u015fma\u2019 s\u00fcreci, T\u00fcrkiye-AB ili\u015fkilerinde \u00f6nemli k\u0131r\u0131lmalara neden oldu. Bug\u00fcn AB taraf\u0131, enerji arz g\u00fcvenli\u011fi ba\u015fta olmak \u00fczere Avrasya\u2019n\u0131n oyun kurucu bir \u00fclkesi olarak, T\u00fcrkiye\u2019ye her anlamda ihtiyac\u0131 oldu\u011funun fark\u0131nda. Ancak, T\u00fcrkiye-AB ili\u015fkilerinin yeniden bir \u2018\u00e7apa\u2019ya d\u00f6n\u00fc\u015fmesi yak\u0131n d\u00f6nem i\u00e7in kolay g\u00f6z\u00fckm\u00fcyor.<\/span><\/p>  <p><span class=\"large\">Bu nedenle, \u2018kamu mali disiplini\u2019ne y\u00f6nelik ba\u015far\u0131s\u0131, b\u00fct\u00e7e dengesi ve kamu borcunun s\u00fcrd\u00fcr\u00fclebilirlili\u011fi T\u00fcrkiye ekonomisinin k\u00fcresel alg\u0131s\u0131 a\u00e7\u0131s\u0131ndan \u00f6nemli bir \u2018\u00e7apa\u2019 ise di\u011fer bir \u00e7apan\u0131n da \u2018s\u0131k\u0131 para politikas\u0131 duru\u015fu\u2019 oldu\u011fu g\u00f6z ard\u0131 edilmemeli. <\/span><\/p>  <p><span class=\"large\">\u0130kinci temel gerek\u00e7e, s\u00f6z konusu para politikas\u0131 faiz setinin d\u00f6viz kurlar\u0131na getirdi\u011fi sakinlik. \u00dc\u00e7\u00fcnc\u00fc gerek\u00e7e ise s\u00f6z konusu para politikas\u0131 faiz setinin, d\u00f6viz kurlar\u0131ndaki dalgalanmay\u0131 ortadan kald\u0131rmas\u0131 \u00f6l\u00e7\u00fcs\u00fcnde, kur art\u0131\u015flar\u0131n\u0131n enflasyona ge\u00e7i\u015fkenli\u011fini azaltmas\u0131 ve T\u00fcrkiye ekonomisinin enflasyonla m\u00fccadelesine katk\u0131da bulunmas\u0131. Merkez Bankas\u0131\u2019n\u0131n para politikas\u0131 faiz seti bir duru\u015f ve mesajd\u0131r; bankac\u0131l\u0131k sistemindeki mevduat ve kredi faiz oranlar\u0131na do\u011frudan bir etkisi yoktur. Tersine, para politikas\u0131ndaki s\u0131k\u0131 duru\u015f sayesinde esas enflasyon ne kadar h\u0131zl\u0131 a\u015fa\u011f\u0131 gelir ise mevduat ve kredi faiz oranlar\u0131 da o kadar h\u0131zl\u0131 a\u015fa\u011f\u0131 iner. <\/span><br><span class=\"large\"> Bu nedenle, Para Politikas\u0131 Kurulu\u2019nun haziran ay\u0131na kadar politika faiz setine dokunmamas\u0131 yerinde olacak.<\/span><\/p>  \t\t\t\t","slug":"tcmbden-siki-durusa-devam","orjinalimage":null,"news_cover_min":null,"news_cover":null,"news_video_min":null,"news_video":null,"cropped_638x552":null,"cropped_310x208":null,"cropped_416x247":null,"cropped_197x247":null,"cropped_416x600":null,"cropped_1200x675":null,"tags":"K\u00f6\u015fe Yaz\u0131s\u0131","meta_title":"TCMB\u2019den \u2018s\u0131k\u0131 duru\u015fa\u2019 devam","meta_description":"Prof. Dr. Kerem Alkin","meta_keywords":"K\u00f6\u015fe Yaz\u0131s\u0131","view_count":83,"yt":0,"ytid":"","ytimage":null,"imgdate":"2000-01-01 00:00:00","cuff_cover":null,"cropped_358x214":null,"cropped_842x474":null}]}}