{"id":7201,"date":"2011-10-30T01:42:26","date_gmt":"2011-10-29T22:42:26","guid":{"rendered":"http:\/\/www.bilgeyatirimci.com\/?p=7201"},"modified":"2011-10-30T17:54:08","modified_gmt":"2011-10-30T14:54:08","slug":"mb-ne-kadar-radikal","status":"publish","type":"post","link":"https:\/\/www.bilgeyatirimci.com\/i\/mb-ne-kadar-radikal\/","title":{"rendered":"Merkez Bankas\u0131 Ne Kadar Radikal?"},"content":{"rendered":"<p><a href=\"http:\/\/www.bilgeyatirimci.com\/wp-content\/uploads\/2011\/07\/\u00f6merdemir.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-2414\" src=\"http:\/\/www.bilgeyatirimci.com\/wp-content\/uploads\/2011\/07\/\u00f6merdemir-225x300.jpg\" alt=\"\" width=\"225\" height=\"300\" srcset=\"https:\/\/www.bilgeyatirimci.com\/wp-content\/uploads\/2011\/07\/\u00f6merdemir-225x300.jpg 225w, https:\/\/www.bilgeyatirimci.com\/wp-content\/uploads\/2011\/07\/\u00f6merdemir-768x1024.jpg 768w, https:\/\/www.bilgeyatirimci.com\/wp-content\/uploads\/2011\/07\/\u00f6merdemir-300x400.jpg 300w, https:\/\/www.bilgeyatirimci.com\/wp-content\/uploads\/2011\/07\/\u00f6merdemir-37x50.jpg 37w, https:\/\/www.bilgeyatirimci.com\/wp-content\/uploads\/2011\/07\/\u00f6merdemir.jpg 1772w\" sizes=\"auto, (max-width: 225px) 100vw, 225px\" \/><\/a>\u00a0 \u00a0Bu haftaya damgas\u0131n\u0131 vuran en \u00f6nemli geli\u015fme ,\u015f\u00fcphesiz y\u0131l\u0131n son enflasyon raporu ve Ekim PPK toplant\u0131 \u00f6zetini ,eylem plan\u0131 \u00e7er\u00e7evesinde a\u00e7\u0131klayan Ba\u015fkan Ba\u015f\u00e7\u0131\u2019n\u0131n a\u00e7\u0131klamalar\u0131 oldu. MB\u2019n\u0131n son bir ay i\u00e7inde yapt\u0131klar\u0131ndan sonra\u00a0 \u00f6ng\u00f6r\u00fclebilirli\u011fin taban yapt\u0131\u011f\u0131 bir d\u00f6nemde komuoyuna sunulan eylem plan\u0131, temelde \u00a0TL\u2019yi g\u00fc\u00e7lendirecek be\u015f maddelik hareket mekanizmas\u0131n\u0131n kararl\u0131l\u0131kla uygulanaca\u011f\u0131na i\u015faret ediyor. Ba\u015f\u00e7\u0131\u2019n\u0131n 5 maddeli eylem plan\u0131n\u0131n bacaklar\u0131 aras\u0131nda say\u0131lan ; Zorunlu Kar\u015f\u0131l\u0131k Politikas\u0131 ,Fiyat \u0130stikrar\u0131, Faiz Politikas\u0131, D\u00f6viz Rezerv Politikas\u0131 ile\u00a0 Finansal \u0130stikrar\u2019dan olu\u015fan 5 maddeli eylem plan\u0131 TL\u2019nin g\u00fc\u00e7lenme hedefine ilave olarak enflasyonun y\u00fckselmesinin \u00f6n\u00fcne set \u00e7ekece\u011fine inan\u0131larak haz\u0131rlanm\u0131\u015f.<\/p><div class=\"bilge-yaziust\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-2854479211\"><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>S\u0131k\u0131 para politikas\u0131na ge\u00e7i<\/strong><strong>\u015f<\/strong><strong><\/strong><\/p>\n<p>Faizler para politikas\u0131 a\u00e7\u0131s\u0131ndan ekonomilerin hep emniyet subab\u0131 olarak g\u00f6rev yapm\u0131\u015f\u0131d\u0131r. 2003-2010 aras\u0131 Politika enstr\u00fcman\u0131 olarak gecelik bor\u00e7lanma faizini baz almas\u0131na hayli al\u0131\u015fan piyasa, Kas\u0131m 2010\u2019da ortalama y\u00fczde %5 olan munzam kar\u015f\u0131l\u0131klar\u0131n y\u00fczde 16 lara var\u0131ncaya dek s\u00fcren ser\u00fcvenini \u00e7o\u011fu kez ele\u015ftirsede, MB bu seslere adeta kulak t\u0131kam\u0131\u015f ve Radikalli\u011fini g\u00f6sterip do\u011fru bildi\u011fi yoldan \u015fa\u015fmam\u0131\u015ft\u0131. TCMB\u2019nin Kas\u0131m 2010\u2019dan bu yana s\u00fcrd\u00fcrd\u00fc\u011f\u00fc\u00a0 munzam kar\u015f\u0131l\u0131k oranlar\u0131 silah\u0131 ,TL \u00fczerinde s\u0131k\u0131la\u015ft\u0131r\u0131c\u0131 para politikas\u0131na ge\u00e7i\u015fin ilk ad\u0131mlar\u0131yd\u0131. Art\u0131k MB gecelik bor\u00e7lanma faizi yerine ayl\u0131k fon faizini g\u00f6zetir oldu. TCMB\u2019nin TL\u2019deki zorunlu kar\u015f\u0131l\u0131k oranlar\u0131n\u0131n azalt\u0131lmas\u0131 sonucu piyasaya girmesi beklenen yakla\u015f\u0131k 11 milyar TL\u2019nin likitide etkisi ortalama y\u00fczde 12 seviyesinde seyreden ortalama zorunlu kar\u015f\u0131l\u0131k oranlar\u0131n\u0131n y\u00fczde 10.5 seviyesinde gerilemesine neden olacak ve bu fazla likitide bankalar\u0131n TCMB\u2019ye olan ba\u011f\u0131ml\u0131l\u0131\u011f\u0131n\u0131 azaltt\u0131\u011f\u0131 i\u00e7in, gecelik repo oranlar\u0131ndaki hareketlili\u011fi istikrara kavu\u015fturacak.<\/p>\n<p>Yine son d\u00f6nemde TL \u00fczerinde ya\u015fanan spek\u00fclatif hareketlere ,piyasaya d\u00f6viz satarak kar\u015f\u0131l\u0131k veren MB\u2019nin azalan d\u00f6viz rezervlerini artt\u0131racak karar\u0131 ile, TL y\u00fck\u00fcml\u00fcl\u00fckler \u00e7er\u00e7evesinde zorunlu kar\u015f\u0131l\u0131klar\u0131n yabanc\u0131 para olarak tutulabilecek k\u0131sm\u0131ndaki \u00fcst s\u0131n\u0131r\u0131n y\u00fczde 20\u2019den y\u00fczde 40\u2019lara y\u00fckseltilmi\u015f olmas\u0131, karar\u0131n\u0131n bu sat\u0131\u015flardan eriyen rezervleri ortalama 5 milyar dolar arttr\u0131mas\u0131 hedefleniyor.<\/p>\n<p><strong>MB ne yapmak istedi?<\/strong><\/p>\n<p>Merkez Bankas\u0131n\u0131n 2010 Kas\u0131m\u2019da ilk kez dillendirdi\u011fi bu \u2018\u2019Riskli Deney\u2019\u2019 fikri, temelde cari a\u00e7\u0131\u011f\u0131n d\u00fc\u015f\u00fcr\u00fclmesi \u00fczerine kuruluydu. Ge\u00e7en 11 ayl\u0131k zaman zarf\u0131nda cari a\u00e7\u0131\u011f\u0131n d\u00fc\u015f\u00fcr\u00fclmesi ba\u015far\u0131lamasa da ekonominin carklar\u0131 hareketli kald\u0131. Ama bu zoraki hareket bu kez MB\u2019s\u0131na enflasyon olarak geri d\u00f6nd\u00fc. Art\u0131k ortada bir ger\u00e7ek var ve bu deney ile tekrar deney sonucunu piyasa g\u00f6zlemleyebiliyor. <strong>\u2018\u2019Faiz silah\u0131 ,cari a\u00e7\u0131<\/strong><strong>\u011f<\/strong><strong>\u0131 d\u00fc<\/strong><strong>\u015f<\/strong><strong>\u00fcrmek i\u00e7in yeterli bir silah de<\/strong><strong>\u011f<\/strong><strong>ilmi<\/strong><strong>\u015f<\/strong><strong>\u2019\u2019. \u00c7\u00fcnk\u00fc cari a\u00e7\u0131k <\/strong><strong>T\u00fcrkiye\u2019de ba<\/strong><strong>\u015f<\/strong><strong>ta\u00a0 Enerji ve Ara mallar\u0131 odakl\u0131 b\u00fcy\u00fcyor. 31 Ekim D\u00fcnya Tasarruf G\u00fcn\u00fc. <\/strong><strong>Tasarrufda ama\u00e7 insanlar\u0131n geleceklerini g\u00fcvenceye almak istekleridir. <\/strong><strong>Belki tasarruf e<\/strong><strong>\u011f<\/strong><strong>iliminin azalmas\u0131 halk\u0131n \u00fclkeye g\u00fcvenin artmas\u0131 <\/strong><strong>\u015f<\/strong><strong>eklinde de<\/strong><strong>\u011f<\/strong><strong>erlendirilebilir ama artan t\u00fcketim\u00a0 ve s\u00fcrekli d\u00fc<\/strong><strong>\u015f<\/strong><strong>en Tasarruf e<\/strong><strong>\u011f<\/strong><strong>iliminde trend de<\/strong><strong>\u011f<\/strong><strong>i<\/strong><strong>\u015f<\/strong><strong>medik\u00e7e cari a\u00e7\u0131<\/strong><strong>\u011f<\/strong><strong>\u0131n d\u00fc<\/strong><strong>\u015f<\/strong><strong>mesi zor.Keza son ara<\/strong><strong>\u015f<\/strong><strong>t\u0131rmalara g\u00f6re <\/strong><strong>T\u00fcrkiye\u2019de her iki ki<\/strong><strong>\u015f<\/strong><strong>iden biri, kazand\u0131<\/strong><strong>\u011f<\/strong><strong>\u0131ndan fazlas\u0131n\u0131 harc\u0131yor.<\/strong><strong><\/strong><\/p>\n<p>\u201c<strong>Radikal olmak sorunun k\u00f6kenine inmektir\u2019\u2019 &#8211;\u00a0 Karl Marx<\/strong> ,<strong>1867<\/strong><\/p>\n<p><strong>\u00a0\u00d6MER DEM\u0130R<\/strong><\/p><div class=\"bilge-content-1\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-3665648216\"><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","protected":false},"excerpt":{"rendered":"<p>\u00a0 \u00a0Bu haftaya damgas\u0131n\u0131 vuran en \u00f6nemli geli\u015fme ,\u015f\u00fcphesiz y\u0131l\u0131n son enflasyon raporu ve Ekim PPK toplant\u0131 \u00f6zetini ,eylem plan\u0131 \u00e7er\u00e7evesinde a\u00e7\u0131klayan Ba\u015fkan Ba\u015f\u00e7\u0131\u2019n\u0131n a\u00e7\u0131klamalar\u0131&hellip;<\/p>\n","protected":false},"author":1,"featured_media":7202,"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":[470,469],"class_list":["post-7201","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tumyazilar","tag-faiz-politikasi","tag-zorunlu-karsilik-politikasi"],"_links":{"self":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/7201","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/comments?post=7201"}],"version-history":[{"count":0,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/7201\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media\/7202"}],"wp:attachment":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media?parent=7201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/categories?post=7201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/tags?post=7201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}