{"id":1299,"date":"2026-05-27T00:57:15","date_gmt":"2026-05-26T21:57:15","guid":{"rendered":"https:\/\/fxknews.com\/?p=1299"},"modified":"2026-05-27T01:25:44","modified_gmt":"2026-05-26T22:25:44","slug":"avrupa-merkez-bankasi-enflasyona-savas-acti","status":"publish","type":"post","link":"https:\/\/fxknews.com\/?p=1299","title":{"rendered":"Avrupa Merkez Bankas\u0131 Enflasyona Sava\u015f A\u00e7t\u0131"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_83 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">\u0130\u00e7indekiler<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/fxknews.com\/?p=1299\/#Avrupa_Merkez_Bankasi_artik_verileri_beklemekten_vazgecti\" >Avrupa Merkez Bankas\u0131 art\u0131k verileri beklemekten vazge\u00e7ti:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/fxknews.com\/?p=1299\/#Fransa_Merkez_Bankasi_Baskani_Francois_Villeroy_de_Galhau_ile_CNBC_arasinda_yapilan_roportajin_ozeti\" >Fransa Merkez Bankas\u0131 Ba\u015fkan\u0131 Fran\u00e7ois Villeroy de Galhau ile CNBC aras\u0131nda yap\u0131lan r\u00f6portaj\u0131n \u00f6zeti<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/fxknews.com\/?p=1299\/#Avrupanin_Enflasyon_Durumu\" >Avrupa&#8217;n\u0131n Enflasyon Durumu<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/fxknews.com\/?p=1299\/#FxKNews_Yorumu\" >FxKNews Yorumu<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Avrupa_Merkez_Bankasi_artik_verileri_beklemekten_vazgecti\"><\/span>Avrupa Merkez Bankas\u0131 art\u0131k verileri beklemekten vazge\u00e7ti: <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Haziran ay\u0131nda faiz art\u0131r\u0131m\u0131 art\u0131k tart\u0131\u015fma konusu de\u011fil, temel hedef. Fransa Merkez Bankas\u0131 Ba\u015fkan\u0131, Avrupa Merkez Bankas\u0131&#8217;n\u0131n enflasyonu kontrol alt\u0131na almak i\u00e7in ne gerekiyorsa yapaca\u011f\u0131na dair s\u00f6z verdi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Avrupa Merkez Bankas\u0131 politika yap\u0131c\u0131lar\u0131ndan Francois Villeroy de Galhau, CNBC&#8217;ye verdi\u011fi deme\u00e7te, \u0130ran sava\u015f\u0131 kaynakl\u0131 enerji \u015foku nedeniyle Euro B\u00f6lgesi fiyatlar\u0131n\u0131n %3&#8217;e ula\u015fmas\u0131 \u00fczerine, bankan\u0131n enflasyonu %2&#8217;ye d\u00f6nd\u00fcrmek i\u00e7in gerekli olan\u0131 yapaca\u011f\u0131n\u0131 s\u00f6yledi.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Fransa_Merkez_Bankasi_Baskani_Francois_Villeroy_de_Galhau_ile_CNBC_arasinda_yapilan_roportajin_ozeti\"><\/span><em>Fransa Merkez Bankas\u0131 Ba\u015fkan\u0131 Fran\u00e7ois Villeroy de Galhau ile CNBC aras\u0131nda yap\u0131lan r\u00f6portaj<\/em>\u0131n \u00f6zeti<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Fransa Merkez Bankas\u0131 Ba\u015fkan\u0131 Villeroy de Galhau, CNBC&#8217;ye verdi\u011fi deme\u00e7te, Avrupa Merkez Bankas\u0131&#8217;n\u0131n enflasyonu orta vadeli %2 hedefine geri getirmek i\u00e7in gerekti\u011fi kadar harekete ge\u00e7ece\u011fini s\u00f6yledi.<\/li>\n\n\n\n<li>Euro B\u00f6lgesi enflasyonu Nisan ay\u0131nda %3&#8217;e y\u00fckseldi; bu oran Mart ay\u0131nda %2,6 idi. Enflasyon, 28 \u015eubat&#8217;ta ABD-\u0130srail&#8217;in \u0130ran&#8217;a y\u00f6nelik ortak sald\u0131r\u0131lar\u0131n\u0131n ba\u015flamas\u0131ndan \u00f6nce, Avrupa Merkez Bankas\u0131&#8217;n\u0131n hedefi olan %1,9&#8217;un biraz alt\u0131nda seyrediyordu.<\/li>\n\n\n\n<li>Avrupa Merkez Bankas\u0131 (ECB), ge\u00e7en ay ikinci tur enflasyon etkilerine ili\u015fkin yetersiz veriler nedeniyle faiz oranlar\u0131n\u0131 %2&#8217;de tuttu. Bu veriler aras\u0131nda temel fiyat bask\u0131lar\u0131, enflasyon beklentileri ve \u00fccret art\u0131\u015f\u0131 yer al\u0131yordu.<\/li>\n\n\n\n<li>LSEG verilerine g\u00f6re, piyasalar 11 Haziran&#8217;daki Avrupa Merkez Bankas\u0131 (ECB) toplant\u0131s\u0131nda faiz art\u0131r\u0131m\u0131n\u0131 fiyatl\u0131yor ve y\u0131l sonuna kadar en az 50 baz puanl\u0131k s\u0131k\u0131la\u015ft\u0131rma bekleniyor.<\/li>\n\n\n\n<li>Almanya&#8217;n\u0131n 10 y\u0131ll\u0131k Bund tahvil getirisi, \u00e7at\u0131\u015fman\u0131n ba\u015flamas\u0131ndan bu yana yakla\u015f\u0131k 32 baz puan y\u00fckseldi; bu da yat\u0131r\u0131mc\u0131lar\u0131n daha y\u00fcksek enflasyon ve daha s\u0131k\u0131 para politikas\u0131 beklentilerini yans\u0131t\u0131yor.<\/li>\n\n\n\n<li>Bundesbank Ba\u015fkan\u0131 Nagel, petrol fiyatlar\u0131ndaki dalgalanman\u0131n Avrupa Merkez Bankas\u0131&#8217;n\u0131 (ECB) temel senaryo ile olumsuz senaryo aras\u0131nda gidip gelmeye zorlad\u0131\u011f\u0131n\u0131 s\u00f6yledi; Letonya Kazaklar\u0131 ise potansiyel ekonomik \u015foklar\u0131n \u00fcst \u00fcste gelebilece\u011fi konusunda uyard\u0131.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Avrupa Merkez Bankas\u0131, Ortado\u011fu&#8217;daki devam eden \u00e7at\u0131\u015fmadan kaynaklanan enerji \u015foku nedeniyle Avro B\u00f6lgesi enflasyonunun hedef seviyesinin \u00fczerine \u00e7\u0131kmas\u0131 \u00fczerine faiz oranlar\u0131n\u0131 art\u0131rmaya haz\u0131r oldu\u011funu belirtti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Fransa Merkez Bankas\u0131 Ba\u015fkan\u0131 Fran\u00e7ois Villeroy de Galhau,&nbsp;<a href=\"https:\/\/www.cnbc.com\/2026\/05\/26\/ecb-villeroy-inflation-iran-war.html\" target=\"_blank\" rel=\"noreferrer noopener\">CNBC&#8217;ye<\/a>&nbsp;verdi\u011fi deme\u00e7te, Avrupa Merkez Bankas\u0131&#8217;n\u0131n ba\u011f\u0131ms\u0131z bir merkez bankas\u0131 olarak enflasyonu orta vadeli %2 hedefine d\u00f6nd\u00fcrmek i\u00e7in gereken her \u015feyi yapaca\u011f\u0131n\u0131 s\u00f6yledi. Singapur&#8217;da bir etkinlik s\u0131ras\u0131nda yapt\u0131\u011f\u0131 a\u00e7\u0131klamada, devlet tahvili piyasalar\u0131n\u0131n merkez bankas\u0131n\u0131n taahh\u00fcd\u00fcnden emin olabilece\u011fini ve politika yap\u0131c\u0131lar\u0131n fiyat bask\u0131lar\u0131n\u0131n yerle\u015fmesini \u00f6nlemek i\u00e7in gerekti\u011fi kadar harekete ge\u00e7ece\u011fini belirtti.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Avrupanin_Enflasyon_Durumu\"><\/span>Avrupa&#8217;n\u0131n Enflasyon Durumu<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Euro B\u00f6lgesi t\u00fcketici fiyatlar\u0131 Nisan ay\u0131nda %3&#8217;e y\u00fckseldi; bu oran Mart ay\u0131nda %2,6 idi. ABD ve \u0130srail&#8217;in 28 \u015eubat&#8217;ta \u0130ran&#8217;a y\u00f6nelik ortak askeri sald\u0131r\u0131lar\u0131n\u0131n ba\u015flamas\u0131ndan \u00f6nceki haftalarda fiyatlar k\u0131sa bir s\u00fcreli\u011fine Avrupa Merkez Bankas\u0131&#8217;n\u0131n hedefinin alt\u0131na d\u00fc\u015ferek %1,9&#8217;a gerilemi\u015fti. H\u00fcrm\u00fcz Bo\u011faz\u0131&#8217;n\u0131n fiilen kapanmas\u0131 petrol fiyatlar\u0131n\u0131 keskin bir \u015fekilde y\u00fckseltti; benzin, dizel ve jet yak\u0131t\u0131 maliyetleri son aylarda Avrupa genelinde artt\u0131, bu da baz\u0131 \u00fclkelerde h\u00fck\u00fcmet m\u00fcdahalesine yol a\u00e7t\u0131 ve bu yaz u\u00e7u\u015f iptalleri konusunda endi\u015feleri art\u0131rd\u0131.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Avrupa&#8217;n\u0131n bu \u015foka maruz kalma riski \u00e7ok y\u00fcksek. B\u00fcy\u00fck bir net enerji ithalat\u00e7\u0131s\u0131 olarak k\u0131ta, ham petrol arz\u0131ndaki uzun s\u00fcreli aksamalara kar\u015f\u0131 \u00f6zellikle hassas ve politika yap\u0131c\u0131lar, ilk tur enerji fiyat etkilerinin daha geni\u015f fiyat bask\u0131lar\u0131na yans\u0131ma riskleri konusunda a\u00e7\u0131k s\u00f6zl\u00fc davrand\u0131lar.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Villeroy de Galhau, Avrupa Merkez Bankas\u0131&#8217;n\u0131n son toplant\u0131s\u0131nda temel faiz oran\u0131n\u0131 %2&#8217;de sabit tutmas\u0131n\u0131n nedeninin, temel enflasyon, hane halk\u0131 ve i\u015fletme enflasyon beklentileri ve \u00fccret dinamikleri de dahil olmak \u00fczere potansiyel ikinci tur etkilerine ili\u015fkin yeterli verinin bulunmamas\u0131 oldu\u011funu kabul etti. Bununla birlikte, dikkatli olman\u0131n \u015fart oldu\u011funu ve \u015fimdiye kadar elde edilen verilerin daha geni\u015f bir enflasyon sarmal\u0131ndan ziyade \u00f6ncelikle birinci tur etkilerine i\u015faret etti\u011fini vurgulad\u0131.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Di\u011fer Y\u00f6netim Kurulu \u00fcyeleri de ihtiyatl\u0131 ancak \u015fahin bir ton benimsedi. Bundesbank Ba\u015fkan\u0131 Joachim&nbsp;Nagel&nbsp;petrol fiyatlar\u0131ndaki dalgalanman\u0131n Avrupa Merkez Bankas\u0131&#8217;n\u0131 temel senaryo ile olumsuz ekonomik senaryolar aras\u0131nda s\u0131k\u0131\u015ft\u0131rd\u0131\u011f\u0131n\u0131 s\u00f6ylerken, Letonya Merkez Bankas\u0131 Ba\u015fkan\u0131 Martins Kazaks, ekonomik \u015foklar\u0131n e\u015f zamanl\u0131 olarak art arda gelebilece\u011fi konusunda uyard\u0131. Avrupa Merkez Bankas\u0131 Ba\u015fkan\u0131 Christine Lagarde daha \u00f6nce, enflasyonun hedefin \u00fczerinde seyretmesinin ge\u00e7ici oldu\u011fu kan\u0131tlansa bile bankan\u0131n harekete ge\u00e7meye haz\u0131r oldu\u011funu belirtmi\u015f ve hedeften \u00f6nemli bir sapman\u0131n tamamen ele al\u0131nmamas\u0131n\u0131n kendi ileti\u015fim risklerini ta\u015f\u0131d\u0131\u011f\u0131 konusunda uyar\u0131da bulunmu\u015ftu.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FxKNews_Yorumu\"><\/span>FxKNews Yorumu<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Piyasalar, Haziran toplant\u0131s\u0131nda Avrupa Merkez Bankas\u0131&#8217;n\u0131n (ECB) faiz art\u0131r\u0131m\u0131n\u0131 b\u00fcy\u00fck \u00f6l\u00e7\u00fcde fiyatl\u0131yor ve \u00e7o\u011fu yat\u0131r\u0131mc\u0131 y\u0131l sonuna kadar en az 50 baz puanl\u0131k bir s\u0131k\u0131la\u015ft\u0131rma bekliyor. Alman Bund tahvil getirileri, \u00e7at\u0131\u015fman\u0131n ba\u015flamas\u0131ndan bu yana yakla\u015f\u0131k 32 baz puan y\u00fckseldi; di\u011fer Euro b\u00f6lgesi devlet tahvillerinde ise daha da keskin hareketler g\u00f6r\u00fcld\u00fc, \u00e7\u00fcnk\u00fc yat\u0131r\u0131mc\u0131lar daha y\u00fcksek enflasyon ve daha agresif bir politika tepkisi i\u00e7in yeniden fiyatland\u0131rma yap\u0131yor. H\u00fcrm\u00fcz Bo\u011faz\u0131&#8217;n\u0131n fiili olarak kapanmas\u0131, enerji fiyatlar\u0131 i\u00e7in en \u00f6nemli yukar\u0131 y\u00f6nl\u00fc risk olmaya devam ediyor ve bu durum k\u0131ta genelinde benzin, dizel ve jet yak\u0131t\u0131na da yans\u0131yor. Avrupa&#8217;n\u0131n net enerji ithalat\u00e7\u0131s\u0131 olarak yap\u0131sal konumu, di\u011fer b\u00fcy\u00fck ekonomilere k\u0131yasla s\u00fcrekli petrol fiyat bask\u0131s\u0131na kar\u015f\u0131 k\u0131r\u0131lganl\u0131\u011f\u0131n\u0131 art\u0131r\u0131yor.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Avrupa Merkez Bankas\u0131 art\u0131k verileri beklemekten vazge\u00e7ti: Haziran ay\u0131nda faiz art\u0131r\u0131m\u0131 art\u0131k tart\u0131\u015fma konusu de\u011fil, temel hedef. Fransa Merkez Bankas\u0131<\/p>\n","protected":false},"author":1,"featured_media":1301,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","footnotes":""},"categories":[1],"tags":[],"class_list":["post-1299","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finansal-piyasalar"],"_links":{"self":[{"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/posts\/1299","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1299"}],"version-history":[{"count":7,"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/posts\/1299\/revisions"}],"predecessor-version":[{"id":1317,"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/posts\/1299\/revisions\/1317"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/media\/1301"}],"wp:attachment":[{"href":"https:\/\/fxknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}