{"id":27334,"date":"2013-08-22T08:26:46","date_gmt":"2013-08-22T06:26:46","guid":{"rendered":"http:\/\/www.bilgeyatirimci.com\/?p=27334"},"modified":"2013-08-22T08:26:57","modified_gmt":"2013-08-22T06:26:57","slug":"para-politikasi-kendini-devre-disi-birakiyor","status":"publish","type":"post","link":"https:\/\/www.bilgeyatirimci.com\/i\/para-politikasi-kendini-devre-disi-birakiyor\/","title":{"rendered":"Para Politikas\u0131 Kendini Devre D\u0131\u015f\u0131 B\u0131rak\u0131yor"},"content":{"rendered":"
D\u00fcn a\u00e7\u0131klanan Para Politikas\u0131 Kurulu (PPK) kararlar\u0131 piyasadaki ate\u015fi d\u00fc\u015f\u00fcrmek i\u00e7in yetersiz gibi\u00a0g\u00f6r\u00fcn\u00fcyor. Yap\u0131lan tek de\u011fi\u015fiklik Merkez Bankas\u0131’n\u0131n gecelik bor\u00e7 verme faiz oran\u0131n\u0131n y\u00fczde 7.25’ten\u00a0y\u00fczde 7.75’e art\u0131r\u0131lmas\u0131. Bu yetmez, \u00e7\u00fcnk\u00fc; 1. ate\u015fi y\u00fckselten etkenler olduk\u00e7a g\u00fc\u00e7l\u00fc; 2. gecelik\u00a0faizler y\u0131ll\u0131k y\u00fczde 0.5 puan artt\u0131 diye bug\u00fcnk\u00fc ortamda yat\u0131r\u0131mc\u0131lar\u0131n portf\u00f6y tercihlerini\u00a0de\u011fi\u015ftirmelerinin olas\u0131l\u0131\u011f\u0131 s\u0131f\u0131r.\u00a0PPK kararlar\u0131 a\u00e7\u0131klan\u0131r a\u00e7\u0131klanmaz, bono faizi ve d\u00f6viz kurlar\u0131 d\u00fc\u015fer gibi oldu. Ard\u0131ndan, eski\u00a0d\u00fczeylerine hatta daha yukar\u0131 t\u0131rmand\u0131. Kararlar\u0131n “bildirim etkisi” (announcement effect) hi\u00e7 olmad\u0131\u00a0diyebiliriz. Uygulama etkisinin de ak\u0131beti benzer olur.
\nNeden b\u00f6yle oluyor?<\/p>