{"id":43045,"date":"2025-12-20T14:48:06","date_gmt":"2025-12-20T14:48:06","guid":{"rendered":"https:\/\/kamucalisanlari.net\/?p=43045"},"modified":"2025-12-20T14:48:06","modified_gmt":"2025-12-20T14:48:06","slug":"jpmorgan-tcmbnin-ara-hedef-aciklamasi-olumlu-iletisim-degisikligi","status":"publish","type":"post","link":"https:\/\/kamucalisanlari.net\/index.php\/2025\/12\/20\/jpmorgan-tcmbnin-ara-hedef-aciklamasi-olumlu-iletisim-degisikligi\/","title":{"rendered":"JPMorgan: TCMB&#8217;nin ara hedef a\u00e7\u0131klamas\u0131 olumlu ileti\u015fim de\u011fi\u015fikli\u011fi"},"content":{"rendered":"<p><p>Ak\u00e7elik Bloomberg HT&#8217;ye yapt\u0131\u011f\u0131 de\u011ferlendirmede TCMB&#8217;nin Enflasyon Raporu toplant\u0131s\u0131ndaki en \u00f6nemli geli\u015fmenin TCMB&#8217;nin ara hedef a\u00e7\u0131klamas\u0131 oldu\u011funu belirtti.<\/p>\n<p>Ak\u00e7elik bunun olumlu bir ileti\u015fim de\u011fi\u015fikli\u011fi oldu\u011funu ifade ederek &#8220;Bu s\u00fcrpriz bir geli\u015fmeydi. Daha \u00f6nce enflasyon tahminleriyle birlikte piyasa ara hedeflerin de de\u011fi\u015fti\u011fi \u015feklinde yorumlar yap\u0131yordu, bu da Merkez Bankas\u0131&#8217;n\u0131n kredibilitesine dair soru i\u015faretleri uyand\u0131r\u0131yordu. Bundan sonra TCMB her iki ileti\u015fimi de kullanarak kendi taraf\u0131nda enflasyon g\u00f6r\u00fcn\u00fcm\u00fcn\u00fc nas\u0131l g\u00f6rd\u00fc\u011f\u00fcn\u00fc ve ara hedeflerine ula\u015fmak i\u00e7in nas\u0131l bir para politikas\u0131 duru\u015fu sergiledi\u011fini birbirinden ayr\u0131\u015ft\u0131racak. Bu bizce ileti\u015fim stratejisi a\u00e7\u0131s\u0131ndan pozitif bir geli\u015fme&#8221; yorumunu yapt\u0131.<\/p>\n<p>TCMB&#8217;nin y\u0131l sonu ara hedef enflasyon tahmininin y\u00fczde 24&#8217;te b\u0131rak\u0131ld\u0131\u011f\u0131n\u0131 hat\u0131rlatan Ak\u00e7elik &#8220;bu da Merkez Bankas\u0131&#8217;n\u0131n s\u0131k\u0131 para politikas\u0131n\u0131 s\u00fcrd\u00fcrece\u011fini ve ara hedefe ula\u015fmak i\u00e7in ellerindeki arac\u0131 kullanaca\u011f\u0131n\u0131 g\u00f6steriyor&#8221; dedi.<\/p>\n<p><b> &#8220;Enflasyon ve TCMB beklentilerini de\u011fi\u015ftirmedik&#8221; <\/b><\/p>\n<p>Ak\u00e7elik TCMB&#8217;nin bug\u00fcn para politikas\u0131nda de\u011fi\u015fikli\u011fe yol a\u00e7acak bir ileti\u015fimde bulunmad\u0131\u011f\u0131n\u0131 dile getirdi ve y\u0131l sonu enflasyon tahminini y\u00fczde 29,5 olarak koruduklar\u0131n\u0131, politika faizinin de y\u00fczde 36&#8217;ya indirilece\u011fini \u00f6ng\u00f6rd\u00fc. Uzman &#8220;Enflasyon tahmin aral\u0131\u011f\u0131n\u0131n \u00fcst band\u0131 olan y\u00fczde 29 bu y\u0131l i\u00e7in korundu. Dolay\u0131s\u0131yla TCMB&#8217;nin bug\u00fcnk\u00fc ileti\u015fimi Eyl\u00fcl&#8217;de bekledi\u011fimiz 300 baz puan, Ekim ve Aral\u0131k&#8217;ta 200&#8217;er baz puanl\u0131k 2 indirim beklentimizi de\u011fi\u015ftirmedi&#8221; yorumunu yapt\u0131.<\/p>\n\n<p><\/p>\n<p>Kaynak :\u00a0<span style=\"background-color: rgb(255, 249, 236); color: rgb(55, 58, 60); font-size: 14px;\">https:\/\/www.bloomberght.com\/jpmorgan-tcmb-nin-ara-hedef-aciklamasi-olumlu-iletisim-degisikligi-3754909<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>JPMorgan T\u00fcrkiye Ekonomisti Fatih Ak\u00e7elik Bloomberg HT&#8217;ye de\u011ferlendirmelerde bulundu.<\/p>\n","protected":false},"author":1,"featured_media":43046,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[227,4079,2229],"manset":[],"class_list":["post-43045","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ekonomi","tag-enflasyon","tag-iletisim","tag-tcmbnin"],"_links":{"self":[{"href":"https:\/\/kamucalisanlari.net\/index.php\/wp-json\/wp\/v2\/posts\/43045","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kamucalisanlari.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kamucalisanlari.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kamucalisanlari.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kamucalisanlari.net\/index.php\/wp-json\/wp\/v2\/comments?post=43045"}],"version-history":[{"count":1,"href":"https:\/\/kamucalisanlari.net\/index.php\/wp-json\/wp\/v2\/posts\/43045\/revisions"}],"predecessor-version":[{"id":43047,"href":"https:\/\/kamucalisanlari.net\/index.php\/wp-json\/wp\/v2\/posts\/43045\/revisions\/43047"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kamucalisanlari.net\/index.php\/wp-json\/wp\/v2\/media\/43046"}],"wp:attachment":[{"href":"https:\/\/kamucalisanlari.net\/index.php\/wp-json\/wp\/v2\/media?parent=43045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kamucalisanlari.net\/index.php\/wp-json\/wp\/v2\/categories?post=43045"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kamucalisanlari.net\/index.php\/wp-json\/wp\/v2\/tags?post=43045"},{"taxonomy":"manset","embeddable":true,"href":"https:\/\/kamucalisanlari.net\/index.php\/wp-json\/wp\/v2\/manset?post=43045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}