{"id":4097,"date":"2011-08-16T10:59:02","date_gmt":"2011-08-16T07:59:02","guid":{"rendered":"http:\/\/www.bilgeyatirimci.com\/?p=4097"},"modified":"2011-08-16T10:59:15","modified_gmt":"2011-08-16T07:59:15","slug":"bankalar-2-mevduat-sahibi-0","status":"publish","type":"post","link":"https:\/\/www.bilgeyatirimci.com\/i\/bankalar-2-mevduat-sahibi-0\/","title":{"rendered":"Bankalar: 2 Mevduat sahibi: 0"},"content":{"rendered":"<p><strong>Merkez\u2019in karar\u0131 yanl\u0131\u015f de\u011fildi ama sonu\u00e7 beklentinin tam tersi oldu.<\/strong><\/p><div class=\"bilge-yaziust\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-2912658498\"><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><strong>\u00a0<\/strong>Merkez Bankas\u0131\u2019n\u0131n son faiz kararlar\u0131n\u0131n \u2018faiz lobisine at\u0131lan bir tokat\u2019 oldu\u011fu \u00f6ne s\u00fcr\u00fcl\u00fcyor. Hi\u00e7bir \u015fey g\u00f6r\u00fcnd\u00fc\u011f\u00fc kadar basit de\u011fil. \u00c7inli bilgeler, \u201cDa\u011fa t\u0131rmanmazsan vadiyi g\u00f6remezsin\u201d diyorlar. Gelin da\u011fa t\u0131rmanmay\u0131 deneyelim.<\/p>\n<p><strong>Artan faiz\u00a0<\/strong><\/p>\n<p><strong><\/strong>G\u00fcn\u00fcn sonunda elinde kimseye sat\u0131lamam\u0131\u015f para kalan bankalar bu paray\u0131 bir geceli\u011fine TCMB\u2019ye verdiklerinde eskiden y\u0131ll\u0131k bazda y\u00fczde 1,5 faiz al\u0131yorlard\u0131. Bu kadar d\u00fc\u015f\u00fck bir faiz \u00e7ok k\u0131sa s\u00fcreyle para kazanmak \u00fczere T\u00fcrkiye\u2019ye gelmi\u015f olan s\u0131cak para i\u00e7in cayd\u0131r\u0131c\u0131 etki yaratmaya ba\u015flam\u0131\u015ft\u0131. Bunun cari a\u00e7\u0131k\u2013s\u0131cak para ba\u011flant\u0131s\u0131n\u0131 koparaca\u011f\u0131 ve kuru biraz y\u00fckselterek ithalat\u0131 frenleyece\u011fi d\u00fc\u015f\u00fcn\u00fcl\u00fcyordu. S\u0131cak para giri\u015finin azalmas\u0131n\u0131n TL\u2019ye de\u011fer kaybettirmesi ve ithalat\u0131n bu yolla biraz yava\u015flamas\u0131 bekleniyordu. Olaylar de\u011fi\u015fip de d\u0131\u015far\u0131s\u0131 kar\u0131\u015f\u0131nca s\u0131cak para kendi \u00fclkesine d\u00f6nmeye y\u00f6neldi ve TCMB eskiden ald\u0131\u011f\u0131 karar\u0131 tersine \u00e7evirerek gecelik bor\u00e7 alma faizini y\u00fczde 5\u2019e y\u00fckseltti. Ama\u00e7 ka\u00e7maya y\u00f6nelen s\u0131cak paray\u0131 tutarak veya geri getirerek TL\u2019nin kar\u015f\u0131la\u015ft\u0131\u011f\u0131 h\u0131zl\u0131 de\u011fer kayb\u0131n\u0131 frenlemekti. TCMB\u2019nin gecelik bor\u00e7lanma faizini artt\u0131rmas\u0131 hi\u00e7 ku\u015fkusuz s\u0131cak parac\u0131lara yarad\u0131. TCMB bu i\u015fleri bu ama\u00e7la yapmad\u0131\u011f\u0131n\u0131 s\u00f6ylese de karar\u0131n sonucu b\u00f6yle \u00e7\u0131k\u0131yor.<\/p>\n<p><strong>D\u00fc\u015fen faiz<\/strong><strong>\u00a0<\/strong><\/p>\n<p>TCMB\u2019nin ikinci \u00f6nemli karar\u0131 haftal\u0131k repo ihalelerinde uygulad\u0131\u011f\u0131 politika faizini d\u00fc\u015f\u00fcrmek oldu. Bu faiz uzunca bir s\u00fcredir y\u00fczde 6,25 d\u00fczeyinde kalm\u0131\u015ft\u0131. D\u0131\u015far\u0131da hava bozulmaya, i\u00e7eride de sanayi \u00fcretimi yava\u015flama sinyalleri vermeye ba\u015flay\u0131nca bu kez ekonominin h\u0131zl\u0131 bir durgunlu\u011fa girmesi tela\u015f\u0131 ortaya \u00e7\u0131kt\u0131. TL, hem dolara hem euroya kar\u015f\u0131 de\u011fer kaybetmeye ba\u015flad\u0131. \u00dcstelik bu kay\u0131plar tahminlerin olduk\u00e7a \u00fcst\u00fcne \u00e7\u0131kt\u0131. Bu durumda TCMB, politika faizini y\u00fczde 5,75\u2019e d\u00fc\u015f\u00fcrerek bankalara daha ucuza likidite sa\u011flamaya karar verdi. Bu faiz indirimi hem bankalara hem de d\u00fc\u015f\u00fck faizle kredi kullanmak isteyenlere yarad\u0131. Politika faizinin d\u00fc\u015f\u00fcr\u00fclmesi en fazla Hazine k\u00e2\u011f\u0131tlar\u0131n\u0131 etkiledi. Bunlar\u0131n faizi d\u00fc\u015ft\u00fc. Bu durumda eskiden al\u0131nm\u0131\u015f y\u00fcksek faizli Hazine k\u00e2\u011f\u0131tlar\u0131n\u0131n de\u011feri artt\u0131 ve bunlar\u0131 elinde bulunduran bankalar\u0131n da k\u00e2rlar\u0131 artm\u0131\u015f oldu.K\u00fcresel sistemde ortaya \u00e7\u0131kan krizin neden oldu\u011fu geli\u015fmeler sonucunda TCMB\u2019nin ald\u0131\u011f\u0131 bu kararlar mevduat faizlerinde olu\u015fabilecek art\u0131\u015flar\u0131 \u00f6nledi. B\u00f6ylece mevduat sahiplerinin faiz gelirleri artmam\u0131\u015f oldu.<\/p>\n<p><strong>Faiz kararlar\u0131 kime yarad\u0131?\u00a0<\/strong><\/p>\n<p><strong><\/strong>Buraya kadar anlatt\u0131klar\u0131ma dayanarak \u00e7e\u015fitli sorular sorup bunlar\u0131 yan\u0131tlamaya \u00e7al\u0131\u015farak durumu \u00f6zetleyeyim. \u0130lk soru: TCMB faizi artt\u0131rd\u0131 m\u0131 d\u00fc\u015f\u00fcrd\u00fc m\u00fc? Yan\u0131t: Birini d\u00fc\u015f\u00fcrd\u00fc \u00f6tekini artt\u0131rd\u0131. \u0130kinci soru: TCMB\u2019nin gecelik bor\u00e7 alma faizini artt\u0131rmas\u0131 kime yarad\u0131? Yan\u0131t: Bankalara ve s\u0131cak parac\u0131lara yarad\u0131. \u00dc\u00e7\u00fcnc\u00fc soru: TCMB\u2019nin politika faizini d\u00fc\u015f\u00fcrmesi kime yarad\u0131? Yan\u0131t: Bankalara. D\u00f6rd\u00fcnc\u00fc soru: Bu kararlardan kaybeden oldu mu? Yan\u0131t: Bu kararlar sonucunda tek kaybeden mevduat sahipleri oldu. Be\u015finci soru: Faiz lobisi olarak kastedilenler s\u0131cak parac\u0131larla bankalar oldu\u011funa ve bu iki grup da bu kararlardan kazan\u00e7l\u0131, buna kar\u015f\u0131l\u0131k mevduat sahipleri g\u00f6reli olarak kay\u0131pl\u0131 \u00e7\u0131kt\u0131\u011f\u0131na g\u00f6re tokad\u0131 kim yedi? Yan\u0131t: Mevduat sahipleri. Alt\u0131nc\u0131 soru: Bu durumda faiz lobisi mevduat sahipleri mi oluyor? Yan\u0131t: Faiz lobisi tokat yemedi.<\/p><div class=\"bilge-content-1\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-3677120975\"><ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-7495567325667578\"\r\n     data-ad-slot=\"3167340272\"\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>TCMB\u2019nin geli\u015fen durumla ilgili olarak ald\u0131\u011f\u0131 kararlar\u0131n yanl\u0131\u015f oldu\u011funu s\u00f6ylemiyorum. Tam tersine bu kararlar\u0131 cesurca ve k\u0131smen do\u011fru buluyorum. Yaln\u0131zca bu kararlar\u0131n s\u00f6ylendi\u011fi gibi sonu\u00e7lar verecek kararlar olmad\u0131\u011f\u0131n\u0131 anlatmaya \u00e7al\u0131\u015f\u0131yorum.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Merkez\u2019in karar\u0131 yanl\u0131\u015f de\u011fildi ama sonu\u00e7 beklentinin tam tersi oldu. \u00a0Merkez Bankas\u0131\u2019n\u0131n son faiz kararlar\u0131n\u0131n \u2018faiz lobisine at\u0131lan bir tokat\u2019 oldu\u011fu \u00f6ne s\u00fcr\u00fcl\u00fcyor. Hi\u00e7bir \u015fey&hellip;<\/p>\n","protected":false},"author":12,"featured_media":896,"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-4097","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\/4097","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\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/comments?post=4097"}],"version-history":[{"count":0,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/4097\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media\/896"}],"wp:attachment":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media?parent=4097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/categories?post=4097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/tags?post=4097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}