{"id":51245,"date":"2017-09-15T12:46:12","date_gmt":"2017-09-15T09:46:12","guid":{"rendered":"https:\/\/www.bilgeyatirimci.com\/?p=51245"},"modified":"2017-09-15T12:46:39","modified_gmt":"2017-09-15T09:46:39","slug":"mahfi-egilmez-merkez-bankasi-ve-siki-para-politikasi","status":"publish","type":"post","link":"https:\/\/www.bilgeyatirimci.com\/i\/mahfi-egilmez-merkez-bankasi-ve-siki-para-politikasi\/","title":{"rendered":"Mahfi E\u011filmez &#8211; Merkez Bankas\u0131 ve S\u0131k\u0131 Para Politikas\u0131"},"content":{"rendered":"<h2>Mahfi E\u011filmez&#8217;in bug\u00fcnk\u00fc yaz\u0131s\u0131<\/h2>\n<h3>Mevcut g\u00f6r\u00fcn\u00fcm<\/h3>\n<p>Merkez Bankas\u0131 Para Politikas\u0131 Kurulu Eyl\u00fcl ay\u0131 toplant\u0131s\u0131nda faiz oranlar\u0131n\u0131 de\u011fi\u015ftirmeme karar\u0131 ald\u0131. Buna g\u00f6re Merkez Bankas\u0131 faizlerinde son durum \u015f\u00f6yle:<\/p><div class=\"bilge-yaziust\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-850131411\"><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<table>\n<tbody>\n<tr>\n<td width=\"189\"><strong>Faize Konu \u0130\u015flem<\/strong><\/td>\n<td width=\"123\"><strong>Faiz Oran\u0131 (%)<\/strong><\/td>\n<td width=\"293\"><strong>\u0130\u015flem \u0130\u00e7eri\u011fi<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"189\">Gecelik bor\u00e7 verme (marjinal faiz oran\u0131)<\/td>\n<td width=\"123\">9,25<\/td>\n<td width=\"293\">TCMB\u2019nin kaynak ihtiyac\u0131 olan bankalara gecelik vadeyle bor\u00e7 vermesi<\/td>\n<\/tr>\n<tr>\n<td width=\"189\">Gecelik bor\u00e7 alma<\/td>\n<td width=\"123\">7,25<\/td>\n<td width=\"293\">Bankalar\u0131n ellerindeki fazla paray\u0131 TCMB\u2019ye gecelik vadeyle bor\u00e7 vermesi<\/td>\n<\/tr>\n<tr>\n<td width=\"189\">Bir hafta vadeli repo ihalesiyle bor\u00e7 verme<\/td>\n<td width=\"123\">8,00<\/td>\n<td width=\"293\">TCMB\u2019nin bankalardan tahvil, senet alarak kar\u015f\u0131l\u0131\u011f\u0131nda haftal\u0131k vadeyle bor\u00e7 vermesi<\/td>\n<\/tr>\n<tr>\n<td width=\"189\">Ge\u00e7 Likidite penceresi bor\u00e7 alma<\/td>\n<td width=\"123\">0,00<\/td>\n<td width=\"293\">Saat 16.00\u201317.00 aras\u0131nda bankalar\u0131n TCMB\u2019ye ellerindeki fazla\u00a0 paray\u0131 gecelik vadeyle bor\u00e7 vermesi<\/td>\n<\/tr>\n<tr>\n<td width=\"189\">Ge\u00e7 Likidite penceresi\u00a0 bor\u00e7 verme<\/td>\n<td width=\"123\">12,25<\/td>\n<td width=\"293\">Saat 16.00\u201317.00 aras\u0131nda bankalar\u0131n TCMB\u2019den gecelik vadeyle bor\u00e7 almas\u0131<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Merkez Bankas\u0131, Ocak ay\u0131n\u0131n ortalar\u0131ndan itibaren istisnai bir bor\u00e7 verme (fonlama) arac\u0131 olan ge\u00e7 likidite penceresi uygulamas\u0131 istisnai olmaktan \u00e7\u0131kard\u0131, hatta di\u011fer ara\u00e7lar\u0131 istisnai hale getirerek bu arac\u0131 kural haline getirdi. Ocak ay\u0131 ortalar\u0131ndan itibaren Merkez Bankas\u0131 bir hafta vadeli repo ihalesiyle bor\u00e7 verme i\u015flemini hi\u00e7 uygulamad\u0131 ve b\u00f6ylece ge\u00e7mi\u015fte yo\u011fun bi\u00e7imde kulland\u0131\u011f\u0131 i\u00e7in politika faizi olarak adland\u0131rd\u0131\u011f\u0131 bu y\u00f6ntemi rafa kald\u0131rd\u0131. O tarihten sonra Merkez Bankas\u0131\u2019n\u0131n politika faizi tart\u0131\u015fmas\u0131z olarak ge\u00e7 likidite penceresinden y\u00fcr\u00fctt\u00fc\u011f\u00fc bor\u00e7 verme faizi oldu.<\/p>\n<p>Bir de TCMB ortalama fonlama maliyeti var. Bu da Merkez Bankas\u0131\u2019n\u0131n yukar\u0131daki tablodan verdi\u011fi bor\u00e7lar\u0131n faizlerinin bor\u00e7 miktar\u0131na g\u00f6re a\u011f\u0131rl\u0131kland\u0131r\u0131lm\u0131\u015f ortalamas\u0131ndan olu\u015fuyor. T\u00fcrkiye i\u00e7in Merkez Bankas\u0131\u2019n\u0131n bor\u00e7 verme faizi denildi\u011finde bak\u0131lmas\u0131 gereken faiz oran\u0131 budur. Bu oran son d\u00f6nemde ge\u00e7 likidite penceresi imk\u00e2n\u0131ndan yap\u0131lan fonlaman\u0131n a\u011f\u0131rl\u0131\u011f\u0131 nedeniyle y\u00fczde 12,00 oran\u0131nda olu\u015fuyor. Demek ki Merkez Bankas\u0131 bankalar\u0131 gecelik olarak y\u00fczde 12 ortalama faiz oran\u0131yla fonluyor.<\/p>\n<h6>Yaz\u0131n\u0131n devam\u0131 i\u00e7in <a href=\"http:\/\/www.mahfiegilmez.com\/2017\/09\/merkez-bankas-ve-sk-para-politikas.html\" target=\"_blank\" rel=\"noopener nofollow external\" data-wpel-link=\"external\">TIKLAYINIZ<\/a>.<\/h6>\n","protected":false},"excerpt":{"rendered":"<p>Mahfi E\u011filmez&#8217;in bug\u00fcnk\u00fc yaz\u0131s\u0131 Mevcut g\u00f6r\u00fcn\u00fcm Merkez Bankas\u0131 Para Politikas\u0131 Kurulu Eyl\u00fcl ay\u0131 toplant\u0131s\u0131nda faiz oranlar\u0131n\u0131 de\u011fi\u015ftirmeme karar\u0131 ald\u0131. Buna g\u00f6re Merkez Bankas\u0131 faizlerinde son&hellip;<\/p>\n","protected":false},"author":12,"featured_media":0,"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":[808,801,847],"class_list":["post-51245","post","type-post","status-publish","format-standard","hentry","category-tumyazilar","tag-ekonomi-makaleleri","tag-ekonomi-yazarlari-listesi","tag-mahfi-egilmez-yazilari"],"_links":{"self":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/51245","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=51245"}],"version-history":[{"count":0,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/51245\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media?parent=51245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/categories?post=51245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/tags?post=51245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}