{"id":13392,"date":"2012-03-27T09:34:08","date_gmt":"2012-03-27T07:34:08","guid":{"rendered":"http:\/\/www.bilgeyatirimci.com\/?p=13392"},"modified":"2012-03-27T09:34:08","modified_gmt":"2012-03-27T07:34:08","slug":"ppkdan-hangi-kararlar-cikabilir","status":"publish","type":"post","link":"https:\/\/www.bilgeyatirimci.com\/i\/ppkdan-hangi-kararlar-cikabilir\/","title":{"rendered":"PPK\u2019dan hangi kararlar \u00e7\u0131kabilir?"},"content":{"rendered":"<p style=\"text-align: justify\" align=\"center\"><strong><\/strong><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Calibri\">Haftaya hareketli ba\u015flad\u0131k. \u0130lk olarak S&amp;P\u2019nin T\u00fcrkiye i\u00e7in 2012\u2019de makro verilerde d\u00fczeltme olmas\u0131 durumunda not art\u0131\u015f\u0131 gelebilir a\u00e7\u0131klamas\u0131 i\u00e7eride olumlu alg\u0131land\u0131. Fakat bu haberin tamam\u0131na bakt\u0131\u011f\u0131m\u0131zda bu haber T\u00fcrkiye\u2019nin notunun bug\u00fcnden yar\u0131na artaca\u011f\u0131 anlam\u0131na gelmiyor. \u00a0A\u00e7\u0131klamada d\u0131\u015f tasarruflara a\u015f\u0131r\u0131 ba\u011f\u0131ml\u0131l\u0131\u011f\u0131n T\u00fcrkiye\u2019yi \u015foklara kar\u015f\u0131 a\u00e7\u0131k b\u0131rakt\u0131\u011f\u0131n\u0131 ifade edilirken, 2012 y\u0131l\u0131 i\u00e7inde makroekonomik dengesizliklerin d\u00fczeltilmemesi halinde T\u00fcrkiye\u2019nin kredi notunun cari seviyelerde istikrar kazanaca\u011f\u0131n\u0131 vurgulan\u0131yor. \u00d6zetle ba\u015fta cari a\u00e7\u0131k olmak \u00fczere, b\u00fct\u00e7e dengesi, enflasyon gibi makro verilerde d\u00fczelme g\u00f6r\u00fclmedi\u011fi s\u00fcrece not art\u0131\u015f\u0131 yok. Cari a\u00e7\u0131kta d\u00fczelme i\u00e7inde petrol fiyatlar\u0131 \u00f6nemli bir etken, buradaki art\u0131\u015f\u0131n devam etmesi T\u00fcrkiye\u2019nin riskini daha da artt\u0131racakt\u0131r. Mart ba\u015f\u0131ndan beri 127 dolar direncini test eden Brent petrol fiyat\u0131 yak\u0131ndan takip edilmeli. Bu diren\u00e7 a\u015f\u0131lacak olursa T\u00fcrkiye i\u00e7in olumsuz yorumlar\u0131n gelmesi uzun s\u00fcrmeyecektir. <\/span><\/p><div class=\"bilge-yaziust\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-3250972410\"><ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-7495567325667578\"\r\n     data-ad-slot=\"9580705384\"\r\n     data-ad-format=\"rectangle\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p style=\"text-align: justify\"><strong><span style=\"font-family: Calibri\">Bernanke yeniden umutland\u0131rd\u0131<\/span><\/strong><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Calibri\">D\u00fcn g\u00fcn\u00fcn en \u00f6nemli haberi ABD\u2019den geldi. Bernanke 3. parasal geni\u015flemeden vazge\u00e7medi\u011fini a\u00e7\u0131k bir \u015fekilde ifade etti. Bu da bir s\u00fcredir beklemede olan likidite rallisi i\u00e7in taze kan olmu\u015f oldu. D\u00fcn ABD\u2019de endeksler %1\u2019in \u00fczerinde getiriler sa\u011flarken, bu sabah da y\u00fckseli\u015flerin Asya\u2019da devam etti\u011fini g\u00f6rd\u00fck. D\u00fcn \u00f6nemli haberlerden biri de Merkel\u2019in daimi kurtarma fonu ESM ile ge\u00e7ici kurtarma fonu EFSF\u2019nin birle\u015fmesine ye\u015fil \u0131\u015f\u0131k yakmas\u0131 oldu. Bu iki fon birle\u015ftirilecek olur ve G-20 ve IMF\u2019ten beklenen kaynak sa\u011flanabilecek olursa Avrupa krizinde en \u00f6nemli e\u015fiklerden biri atlanm\u0131\u015f olacakt\u0131r. Bu nedenle bu konudaki her t\u00fcrl\u00fc geli\u015fmeyi bundan sonra daha dikkatli takip edece\u011fiz. \u00a0\u00a0\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><strong><span style=\"font-family: Calibri\">TCMB kararlar\u0131 \u00f6nemli<\/span><\/strong><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Calibri\">G\u00fcn\u00fcn en \u00f6nemli haberi hi\u00e7 \u015f\u00fcphe yok ki, TCMB\u2019nin Para Politikas\u0131 Kurulu (PPK) toplant\u0131s\u0131 ard\u0131ndan yapaca\u011f\u0131 a\u00e7\u0131klama kur, faiz ve \u0130MKB \u00fczerinde etkili olacakt\u0131r. TCMB\u2019nin politika faizinde herhangi bir de\u011fi\u015fiklik yapmas\u0131 beklenmiyor. Gecelik bor\u00e7 alma\/verme faizinde ise tavan\u0131 bir miktar a\u015fa\u011f\u0131 \u00e7ekebilece\u011fini bekleyenler ise az\u0131nl\u0131kta. Ayn\u0131 \u015fekilde munzamlarda da bir miktar d\u00fc\u015f\u00fc\u015f yap\u0131labilece\u011fi de zay\u0131f da olsa ihtimaller aras\u0131nda. TCMB\u2019nin yapaca\u011f\u0131 a\u00e7\u0131klamalar aras\u0131nda bizce en \u00f6nemlisi istisnai g\u00fcn uygulamas\u0131na dair verilecek mesajlar olacak. TCMB istisnai g\u00fcn yani TL s\u0131k\u0131la\u015ft\u0131rmas\u0131n\u0131n bir s\u00fcre daha devam edece\u011fi mesaj\u0131n\u0131 verirse faizlerde yukar\u0131 y\u00f6nl\u00fc bir hareket daha g\u00f6rebiliriz ki, bu durumda bile\u015fik faizlerin \u00e7ift hanelere \u00e7\u0131kt\u0131\u011f\u0131 g\u00f6r\u00fclebilir. Bu mesaj verilirse kurlardaki hareket bir s\u00fcre daha TL lehine devam edecektir. \u0130MKB taraf\u0131nda ise gelecek her a\u00e7\u0131klaman\u0131n banka maliyetlerine etkisi incelenecektir. Munzamlarda olacak bir indirim ya da faiz koridorunun daralt\u0131lmas\u0131 olumlu alg\u0131lanacakken, istisnai g\u00fcn uygulamas\u0131n\u0131n ve TL s\u0131k\u0131la\u015ft\u0131rmas\u0131n\u0131n devam edece\u011fi mesaj\u0131 ise \u0130MKB taraf\u0131nda negatif etki yaratabilir. \u00a0\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><strong><span style=\"font-size: small\"><span style=\"font-family: Calibri\">\u00dczeyir DO\u011eAN \/ Ara\u015ft\u0131rma M\u00fcd\u00fcr\u00fc<br \/>\n<\/span><\/span><\/strong><strong><span style=\"font-size: small\"><span style=\"font-family: Calibri\">MARBA\u015e Menkul De\u011ferler<br \/>\n<\/span><\/span><\/strong><strong><a href=\"mailto:uzeyir.dogan@marbasmenkul.com.tr\"><span style=\"font-family: Calibri;font-size: small\">uzeyir.dogan@marbasmenkul.com.tr<\/span><\/a><br \/>\n<\/strong><strong><span style=\"font-size: small\"><span style=\"font-family: Calibri\">Telefon: (0212) 286 30 00<\/span><\/span><\/strong><\/p>\n<p><span style=\"font-size: small\"><span style=\"font-family: Calibri\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Haftaya hareketli ba\u015flad\u0131k. \u0130lk olarak S&amp;P\u2019nin T\u00fcrkiye i\u00e7in 2012\u2019de makro verilerde d\u00fczeltme olmas\u0131 durumunda not art\u0131\u015f\u0131 gelebilir a\u00e7\u0131klamas\u0131 i\u00e7eride olumlu alg\u0131land\u0131. Fakat bu haberin tamam\u0131na&hellip;<\/p>\n","protected":false},"author":1,"featured_media":4711,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13392","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tumyazilar"],"_links":{"self":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/13392","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/comments?post=13392"}],"version-history":[{"count":0,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/13392\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media\/4711"}],"wp:attachment":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media?parent=13392"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/categories?post=13392"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/tags?post=13392"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}