{"id":14788,"date":"2012-04-30T08:35:06","date_gmt":"2012-04-30T06:35:06","guid":{"rendered":"http:\/\/www.bilgeyatirimci.com\/?p=14788"},"modified":"2012-04-30T08:40:57","modified_gmt":"2012-04-30T06:40:57","slug":"dolar-daha-duser-mi","status":"publish","type":"post","link":"https:\/\/www.bilgeyatirimci.com\/i\/dolar-daha-duser-mi\/","title":{"rendered":"Dolar Daha D\u00fc\u015fer mi?"},"content":{"rendered":"<p>Dolar, ge\u00e7en hafta son iki ay\u0131n en d\u00fc\u015f\u00fck seviyesi olan 1.7570\u2019e kadar geriledi. Peki \u00f6n\u00fcm\u00fczdeki d\u00f6nemde dolar kuru hangi seviyeye inecek? Teknik olarak bak\u0131ld\u0131\u011f\u0131nda \u00f6n\u00fcm\u00fczdeki ilk hedef 1.7350 seviyesi gibi g\u00f6r\u00fcl\u00fcyor. Bir \u00f6nceki 1.7330 seviyelerinde Merkez Bankas\u0131\u2019n\u0131n \u2018s\u00f6zl\u00fc\u2019 m\u00fcdahaleleri ve faizlerle verdi\u011fi mesaj, bu seviyenin alt\u0131na inilmesine s\u0131cak bakmad\u0131\u011f\u0131 izlenimini ortaya \u00e7\u0131kar\u0131yor.<\/p><div class=\"bilge-yaziust\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-458732776\"><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>Ge\u00e7ti\u011fimiz hafta dolar\/TL kurlar\u0131nda kritik seviyeler a\u015fa\u011f\u0131ya k\u0131r\u0131ld\u0131. Merkez Bankas\u0131 (MB) hafta i\u00e7inde Enflasyon Raporu\u2019nu a\u00e7\u0131klad\u0131. MB \u00f6n\u00fcm\u00fczdeki d\u00f6nemde enflasyonla m\u00fccadeleye \u00f6ncelik verece\u011fini \u00fcst\u00fcne basarak belirtti. Ge\u00e7ti\u011fimiz 1.5 y\u0131lda; cari a\u00e7\u0131k, i\u00e7 talebin kontrol alt\u0131na al\u0131nmas\u0131 gibi de\u011fi\u015fik hedefleri de g\u00f6zeten MB\u2019nin enflasyona yeniden bu denli vurgu yapmas\u0131, piyasa kat\u0131l\u0131mc\u0131lar\u0131 i\u00e7in \u00f6nemli bir mesaj niteli\u011fini ta\u015f\u0131yordu.<\/p>\n<p>Neydi bu mesaj derseniz, MB enflasyonla m\u00fccadele etmek i\u00e7in art\u0131k daha y\u00fcksek bir faiz politikas\u0131 izleyecekti. Peki \u201cpolitika faizini\u201d y\u00fckseltmeden bu i\u015fi nas\u0131l yapacak derseniz, art\u0131k \u201cresmi\u201d politika faizinin pek bir \u00f6nemi kalmad\u0131. Piyasa i\u00e7in as\u0131l olan g\u00fcnl\u00fck fonlama faizi olan \u201cgayri resmi\u201d politika faizindeki uygulamalar. Gayri resmi politika faizi ne derseniz, MB\u2019nin bankac\u0131l\u0131k sistemini fonlad\u0131\u011f\u0131 haftal\u0131k repo faizlerin ta kendisi. 2010 y\u0131l\u0131 sonu itibar\u0131yla artt\u0131r\u0131lan zorunlu kar\u015f\u0131l\u0131klar nedeniyle TL fonlama ihtiyac\u0131 has\u0131l olan bankac\u0131l\u0131k sistemi bu ihtiyac\u0131n\u0131n \u00f6nemli bir k\u0131sm\u0131n\u0131 MB\u2019den kar\u015f\u0131l\u0131yor. MB \u00f6nceleri anlatmakta zorland\u0131\u011f\u0131 \u201cfaiz band\u0131\u201d uygulamas\u0131yla isterse y\u00fczde 5.75\u2019ten, isterse de 11.50\u2019den (piyasa yap\u0131c\u0131lar\u0131 i\u00e7in y\u00fczde 11) para verebiliyor. Band\u0131n neresinde olaca\u011f\u0131na da yine MB karar veriyor. TL\u2019nin de\u011fer kayb\u0131na yol a\u00e7abilecek bir tedirginlik ya da spek\u00fclasyon oldu\u011fu g\u00fcnleri \u201cistisani g\u00fcn\u201d ilan MB fonlamay\u0131 band\u0131n \u00fcst s\u0131n\u0131r\u0131na \u00e7ekiyor, b\u00f6yle bir bask\u0131n\u0131n olmad\u0131\u011f\u0131 g\u00fcnlerde de band\u0131n alt s\u0131n\u0131r\u0131ndan fonlama sa\u011fl\u0131yor.<\/p>\n<p>Her ne kadar bu uygulama belirsizli\u011fi art\u0131r\u0131yor olsa da MB b\u00f6ylelikle dolar\/TL kurlar\u0131n\u0131 belli bir bant i\u00e7inde tutmay\u0131 ba\u015far\u0131yor. K\u00fcresel piyasalardan bir bask\u0131, negatif bir dalga da gelmedik\u00e7e bu strateji ba\u015far\u0131l\u0131 oluyor! \u015eimdilik k\u00fcresel piyasalar kendi sorunlar\u0131 ile ba\u015fetmeye \u00e7al\u0131\u015ft\u0131klar\u0131 i\u00e7in de geli\u015fmekte olan \u00fclkelere pek dokunan yok!<\/p>\n<p>Yaz\u0131n\u0131n devam\u0131 i\u00e7in <strong><a href=\"http:\/\/haber.gazetevatan.com\/Haber\/447005\/1\/Gundem\" target=\"_blank\" data-wpel-link=\"external\" rel=\"nofollow external noopener\">TIKLAYINIZ.<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dolar, ge\u00e7en hafta son iki ay\u0131n en d\u00fc\u015f\u00fck seviyesi olan 1.7570\u2019e kadar geriledi. Peki \u00f6n\u00fcm\u00fczdeki d\u00f6nemde dolar kuru hangi seviyeye inecek? Teknik olarak bak\u0131ld\u0131\u011f\u0131nda \u00f6n\u00fcm\u00fczdeki&hellip;<\/p>\n","protected":false},"author":19,"featured_media":910,"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-14788","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\/14788","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\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/comments?post=14788"}],"version-history":[{"count":0,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/14788\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media\/910"}],"wp:attachment":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media?parent=14788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/categories?post=14788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/tags?post=14788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}