{"id":4989,"date":"2011-09-12T14:21:40","date_gmt":"2011-09-12T11:21:40","guid":{"rendered":"http:\/\/www.bilgeyatirimci.com\/?p=4989"},"modified":"2011-09-12T14:21:40","modified_gmt":"2011-09-12T11:21:40","slug":"merkezin-zorunlu-karari-ne-anlama-geliyor","status":"publish","type":"post","link":"https:\/\/www.bilgeyatirimci.com\/i\/merkezin-zorunlu-karari-ne-anlama-geliyor\/","title":{"rendered":"Merkez&#8217;in &#8216;Zorunlu&#8217; Karar\u0131 Ne Anlama Geliyor?"},"content":{"rendered":"<p>Bankac\u0131l\u0131k sekt\u00f6r\u00fc bu karardan nas\u0131l etkilenecek?<\/p><div class=\"bilge-yaziust\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-2506709611\"><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>Merkez Bankas\u0131&#8217;n\u0131n ekonomideki geli\u015fmelere verdi\u011fi tepki gecikmiyor. Ekonomistlerle ge\u00e7en hafta yapt\u0131\u011f\u0131 toplant\u0131da zorunlu kar\u015f\u0131l\u0131klarda de\u011fi\u015fiklik sinyali veren\u00a0Merkez Bankas\u0131, bu hamlesinde de gecikmedi. Zorunlu kar\u015f\u0131l\u0131klarda yeni kurallar bug\u00fcn itibar\u0131yla devreye al\u0131nd\u0131.<\/p>\n<p>TCMB 12 Eyl\u00fcl tarihli Resmi Gazete\u2019de yay\u0131mlanan bir tebli\u011f ile zorunlu kar\u015f\u0131l\u0131klarda \u00e7e\u015fitli d\u00fczenlemelere gitti. Buna g\u00f6re, T\u00fcrk Liras\u0131 zorunlu kar\u015f\u0131l\u0131klar\u0131n y\u00fczde 10\u2019a kadar olan k\u0131sm\u0131 dolar ya da Euro hesaplarda tutulabilecek. B\u00f6ylece, genel ge\u00e7er kurallar\u0131n ve \u00f6nceki d\u00fczenlemelerin i\u015faret etti\u011finin aksine, bankalar art\u0131k Lira y\u00fck\u00fcml\u00fcl\u00fcklerine ay\u0131rd\u0131klar\u0131 zorunlu kar\u015f\u0131l\u0131klar\u0131 ABD Dolar\u0131 ve Euro cinsinden de tutabilecekler. Ba\u015flang\u0131\u00e7 olarak, yabanc\u0131 para cinsinden hesaplarda tutulan kar\u015f\u0131l\u0131klar lira hesaplarda tutulan kar\u015f\u0131l\u0131klar\u0131n y\u00fczde 10\u2019unu ge\u00e7emeyece\u011fi a\u00e7\u0131kland\u0131.<\/p>\n<p>\u0130kinci olarak, vadesi 1 y\u0131ldan d\u00fc\u015f\u00fck mevduat benzeri kaynaklarda zorunlu kar\u015f\u0131l\u0131k y\u00fczde 11.5\u2019e \u00e7ekildi. Bununla paralel olarak yabanc\u0131 para cinsinden edinilmi\u015f mevduat benzeri kaynaklardazorunlu kar\u015f\u0131l\u0131k oran\u0131\u00a0bir y\u0131ldan k\u0131sa vadeliler i\u00e7in y\u00fczde 12&#8217;den y\u00fczde 11.5\u2019e d\u00fc\u015f\u00fcr\u00fclm\u00fc\u015f oldu. Vadesi 1 y\u0131ldan y\u00fcksek mevduat benzeri kaynaklarda zorunlu kar\u015f\u0131l\u0131k da y\u00fczde 9.5\u2019e indirildi. Buna ek olarak, bir y\u0131ldan uzun vadeli yabanc\u0131 para cinsinden mevduat benzeri kaynaklar i\u00e7in de\u00a0zorunlu kar\u015f\u0131l\u0131k oran\u0131\u00a0 y\u00fczde 10\u2019dan y\u00fczde 9.5&#8217;e \u00e7ekildi.<\/p>\n<p><strong>SEKT\u00d6R\u00dc NASIL ETK\u0130LEYECEK?<\/strong><br \/>\nPeki bu de\u011fi\u015fikler ne anlama geliyor? Finansonline uzmanlar\u0131na g\u00f6re,\u00a0Merkez Bankas\u0131&#8217;n\u0131n yapt\u0131\u011f\u0131 bu son de\u011fi\u015fiklik bankac\u0131l\u0131k sekt\u00f6r\u00fcn\u00fcn k\u00e2rl\u0131l\u0131\u011f\u0131n\u0131, d\u00fc\u015f\u00fck de olsa, olumlu etkileyebilecek. Kabaca bir hesapla TCMB\u2019nin bu de\u011fi\u015fiklik ile yakla\u015f\u0131k 1.7 milyar TL&#8217;lik bir likiditeyi serbest b\u0131rakaca\u011f\u0131 g\u00f6r\u00fcl\u00fcyor ve bu geni\u015fleme bankalar\u0131n k\u00e2rl\u0131l\u0131klar\u0131na k\u00fc\u00e7\u00fck de olsa olumlu etki edebilecek. (Y\u0131ll\u0131kland\u0131r\u0131lm\u0131\u015f olarak net k\u00e2r\u0131n y\u00fczde 0.5\u2019inden daha d\u00fc\u015f\u00fck bir rakam.)<\/p>\n<p><strong>&#8220;KARAR BANKALARA ESNEKL\u0130K SA\u011eLAYACAK&#8221;<\/strong><br \/>\n&#8220;Merkez\u2019in bu karar\u0131 daha \u00e7ok bankalara esneklik sa\u011flamak i\u00e7in&#8221; denilen arac\u0131 kurum de\u011ferlendirmesinde \u015fu ifadeler yer ald\u0131:<br \/>\n&#8220;Ekonomistimizin de belirtti\u011fi gibi TCMB\u2019nin bu karar\u0131 geni\u015flemeci bir harekete i\u015faret ediyor, ve biz de karar\u0131n bankalar\u0131n karl\u0131l\u0131klar\u0131na da olumlu yans\u0131yaca\u011f\u0131n\u0131 d\u00fc\u015f\u00fcn\u00fcyoruz. Ancak, bizce burada \u00f6nemli olan nokta karl\u0131l\u0131k ya da parasal geni\u015fleme de\u011fil, bankalara sa\u011flanan esneklik; art\u0131k bankalar\u0131n hazine departmanlar\u0131 zorunlu kar\u015f\u0131l\u0131klar\u0131n y\u00f6netiminde \u00e7ok daha rahat davranabilecekler.<\/p>\n<p><strong>YABANCI PARA SWAPLARI \u00dcZER\u0130NDEK\u0130 ETK\u0130 DAHA BEL\u0130RG\u0130N OLACAK!<\/strong><br \/>\nTCMB\u2019nin getirdi\u011fi bu esnekli\u011fin etkilerinin naz\u0131m hesaplarda, \u00f6zellikle para swaplar\u0131nda daha belirgin olaca\u011f\u0131n\u0131 d\u00fc\u015f\u00fcn\u00fcyoruz. Bu de\u011fi\u015fiklikler 1) para swaplar\u0131na olan talebi azaltabilir (T\u00fcrk bankalar\u0131 burada \u00e7o\u011funlukla g\u00fcnl\u00fck likidite y\u00f6netimi amac\u0131yla Lira\u2019da uzun pozisyondalar), 2) bu swaplara olan talebin azalmas\u0131 da para swaplar\u0131n\u0131n TL bacaklar\u0131n\u0131n faizlerinin a\u015fa\u011f\u0131 gelmesine yol a\u00e7abilir. &#8221;<\/p>\n<p>kaynak<\/p><div class=\"bilge-content-1\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-3497886439\"><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><a href=\"http:\/\/ekonomi.haberturk.com\/finans-borsa\/haber\/668650-merkezin-zorunlu-karari-ne-anlama-geliyor\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener\">http:\/\/ekonomi.haberturk.com\/finans-borsa\/haber\/668650-merkezin-zorunlu-karari-ne-anlama-geliyor<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bankac\u0131l\u0131k sekt\u00f6r\u00fc bu karardan nas\u0131l etkilenecek? Merkez Bankas\u0131&#8217;n\u0131n ekonomideki geli\u015fmelere verdi\u011fi tepki gecikmiyor. Ekonomistlerle ge\u00e7en hafta yapt\u0131\u011f\u0131 toplant\u0131da zorunlu kar\u015f\u0131l\u0131klarda de\u011fi\u015fiklik sinyali veren\u00a0Merkez Bankas\u0131, bu&hellip;<\/p>\n","protected":false},"author":2,"featured_media":4990,"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-4989","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\/4989","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/comments?post=4989"}],"version-history":[{"count":0,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/4989\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media\/4990"}],"wp:attachment":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media?parent=4989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/categories?post=4989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/tags?post=4989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}