ECB Y\u00f6netim Konseyi \u00fcyesi Olli Rehn, bankan\u0131n ekonomik projeksiyonlar\u0131n\u0131n \u00e7ok y\u00fcksek ve yayg\u0131n bir belirsizlik ortam\u0131nda haz\u0131rland\u0131\u011f\u0131n\u0131 s\u00f6yledi. Rehn, g\u00f6r\u00fcn\u00fcm\u00fcn etraf\u0131ndaki risklerin tahminleri zorla\u015ft\u0131rd\u0131\u011f\u0131n\u0131 vurgularken, daha y\u00fcksek enerji fiyatlar\u0131n\u0131n ECB\u2019nin enflasyon i\u00e7in olumsuz senaryosuna daha da yakla\u015ft\u0131\u011f\u0131n\u0131 belirtti.<\/p>\n
Rehn ayr\u0131ca, uzun vadeli faizlerdeki art\u0131\u015f\u0131n b\u00fcy\u00fcmeyi yava\u015flataca\u011f\u0131n\u0131 ve enerji \u015fokunun fiyatlara ile \u00fccretlere ge\u00e7i\u015fini azaltaca\u011f\u0131n\u0131 ifade etti. Bir ba\u015fka belirsizli\u011fin de yapay zek\u00e2ya y\u00f6nelik piyasa alg\u0131s\u0131nda ani bir geri d\u00f6n\u00fc\u015f ihtimali oldu\u011funu s\u00f6yledi.<\/p>\n
ECB\u2019nin eyl\u00fcl projeksiyonlar\u0131nda enflasyonun bu y\u0131l ortalama y\u00fczde 3,0 ve 2027\u2019de y\u00fczde 2,5 olaca\u011f\u0131 \u00f6ng\u00f6r\u00fcl\u00fcrken, olumsuz senaryoda enflasyonun gelecek y\u0131l y\u00fczde 3,2\u2019ye \u00e7\u0131kmas\u0131 bekleniyor. Rehn\u2019in a\u00e7\u0131klamalar\u0131, para politikas\u0131 a\u00e7\u0131s\u0131ndan artan enerji bask\u0131s\u0131 ile s\u0131k\u0131la\u015fan finansal ko\u015fullar aras\u0131ndaki dengeyi \u00f6ne \u00e7\u0131kard\u0131.<\/p>\n
\u00d6te yandan Credit Agricole, y\u00fckselen Avrupa enerji maliyetlerinin 2022 enerji krizini hat\u0131rlatan endi\u015feleri yeniden g\u00fcndeme getirdi\u011fini ve \u0130ran sava\u015f\u0131yla ba\u011flant\u0131l\u0131 arz korkular\u0131n\u0131n k\u00fcresel dizel s\u0131k\u0131nt\u0131lar\u0131 ile k\u0131\u015f \u00f6ncesi d\u00fc\u015f\u00fck Avrupa gaz depolar\u0131yla birle\u015fti\u011fini belirtti. Bu durumun Fransa\u2019n\u0131n mali g\u00f6r\u00fcn\u00fcm\u00fcne ili\u015fkin kayg\u0131lar\u0131 art\u0131rd\u0131\u011f\u0131, ancak Euro B\u00f6lgesi ekonomisinin dayan\u0131kl\u0131l\u0131\u011f\u0131 ve g\u00f6rece g\u00fc\u00e7l\u00fc i\u00e7 talep nedeniyle 2022\u2019deki sert sat\u0131\u015f\u0131n tekrarlanmas\u0131n\u0131n beklenmedi\u011fi ifade edildi.<\/p>\n
Kuruma g\u00f6re as\u0131l risk, Frans\u0131z devlet tahvillerindeki zay\u0131fl\u0131\u011f\u0131n daha geni\u015f Avrupa tahvil piyasas\u0131na yay\u0131lmas\u0131, finansal ko\u015fullar\u0131 s\u0131k\u0131la\u015ft\u0131rmas\u0131 ve ECB\u2019nin agresif s\u0131k\u0131la\u015ft\u0131rma duru\u015funu s\u00fcrd\u00fcrme alan\u0131n\u0131 daraltmas\u0131. Bu tablo, avronun g\u00f6reli faiz avantaj\u0131n\u0131 zay\u0131flatabilir; Japon yat\u0131r\u0131mc\u0131lar\u0131n Avrupa tahvillerinden repatriasyonu h\u0131zland\u0131rmas\u0131 halinde ise JPY destek bulabilir ve EUR\/JPY bask\u0131 alt\u0131nda kalabilir.<\/p>\n
\u015eimdilik yat\u0131r\u0131mc\u0131lar Avrupa enerji fiyatlar\u0131n\u0131, tahvil piyasas\u0131 performans\u0131n\u0131, finansal ko\u015fullar\u0131 ve ECB mesajlar\u0131n\u0131 yak\u0131ndan izleyecek. Ayr\u0131ca fixed-income oynakl\u0131\u011f\u0131 ve s\u0131k\u0131 k\u00fcresel finansal ko\u015fullar USD\u2019yi desteklemeyi s\u00fcrd\u00fcrebilirken, Fed\u2019e ili\u015fkin \u015fahin beklentilerin bug\u00fcn a\u00e7\u0131klanacak istihdam verisi ve gelecek haftaki hizmet ISM ile t\u00fcketici g\u00fcveni verileriyle s\u0131nanabilece\u011fi belirtiliyor.<\/p>\n","protected":false},"excerpt":{"rendered":"
ECB Y\u00f6netim Konseyi \u00fcyesi Olli Rehn, bankan\u0131n ekonomik projeksiyonlar\u0131n\u0131n \u00e7ok y\u00fcksek ve yayg\u0131n bir belirsizlik ortam\u0131nda haz\u0131rland\u0131\u011f\u0131n\u0131 s\u00f6yledi. Rehn, g\u00f6r\u00fcn\u00fcm\u00fcn<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","fxk_merge_backup":"[{\"ts\":\"2026-10-02 07:31:16\",\"content\":\"ECB Y\\u00f6netim Konseyi \\u00fcyesi Olli Rehn, bankan\\u0131n ekonomik projeksiyonlar\\u0131n\\u0131n \\u00e7ok y\\u00fcksek ve yayg\\u0131n bir belirsizlik ortam\\u0131nda haz\\u0131rland\\u0131\\u011f\\u0131n\\u0131 s\\u00f6yledi.Rehn, g\\u00f6r\\u00fcn\\u00fcm\\u00fcn etraf\\u0131ndaki risklerin tahminleri zorla\\u015ft\\u0131rd\\u0131\\u011f\\u0131n\\u0131 vurgulad\\u0131.\\ud83d\\udcca Piyasa Etkisi: Rehn\\u2019in a\\u00e7\\u0131klamalar\\u0131 \\u015fahin ya da g\\u00fcvercin bir y\\u00f6nlendirmeden \\u00e7ok, ECB\\u2019nin g\\u00f6r\\u00fcn\\u00fcm konusunda temkinli oldu\\u011funu g\\u00f6steriyor. Bu t\\u00fcr mesajlar, yak\\u0131n vadede faiz indirimi beklentilerini zay\\u0131flatabilir ya da en az\\u0131ndan kararlar\\u0131n veri ak\\u0131\\u015f\\u0131na ba\\u011fl\\u0131 kalaca\\u011f\\u0131 alg\\u0131s\\u0131n\\u0131 g\\u00fc\\u00e7lendirebilir.\"},{\"ts\":\"2026-10-02 08:01:16\",\"content\":\"ECB Y\\u00f6netim Konseyi \\u00fcyesi Olli Rehn, bankan\\u0131n ekonomik projeksiyonlar\\u0131n\\u0131n \\u00e7ok y\\u00fcksek ve yayg\\u0131n bir belirsizlik ortam\\u0131nda haz\\u0131rland\\u0131\\u011f\\u0131n\\u0131 s\\u00f6yledi.\\nRehn, g\\u00f6r\\u00fcn\\u00fcm\\u00fcn etraf\\u0131ndaki risklerin tahminleri zorla\\u015ft\\u0131rd\\u0131\\u011f\\u0131n\\u0131 vurgulad\\u0131. Ayr\\u0131ca daha y\\u00fcksek enerji fiyatlar\\u0131n\\u0131n, enflasyon i\\u00e7in ECB\\u2019nin olumsuz senaryosuna daha da yakla\\u015ft\\u0131rd\\u0131\\u011f\\u0131n\\u0131 belirtti.\\n\"},{\"ts\":\"2026-10-02 09:01:08\",\"content\":\"ECB Y\\u00f6netim Konseyi \\u00fcyesi Olli Rehn, bankan\\u0131n ekonomik projeksiyonlar\\u0131n\\u0131n \\u00e7ok y\\u00fcksek ve yayg\\u0131n bir belirsizlik ortam\\u0131nda haz\\u0131rland\\u0131\\u011f\\u0131n\\u0131 s\\u00f6yledi. Rehn, g\\u00f6r\\u00fcn\\u00fcm\\u00fcn etraf\\u0131ndaki risklerin tahminleri zorla\\u015ft\\u0131rd\\u0131\\u011f\\u0131n\\u0131 vurgularken, daha y\\u00fcksek enerji fiyatlar\\u0131n\\u0131n ECB\\u2019nin enflasyon i\\u00e7in olumsuz senaryosuna daha da yakla\\u015ft\\u0131\\u011f\\u0131n\\u0131 belirtti.\\nRehn ayr\\u0131ca, uzun vadeli faizlerdeki art\\u0131\\u015f\\u0131n b\\u00fcy\\u00fcmeyi yava\\u015flataca\\u011f\\u0131n\\u0131 ve enerji \\u015fokunun fiyatlara ile \\u00fccretlere ge\\u00e7i\\u015fini azaltaca\\u011f\\u0131n\\u0131 ifade etti. Bir ba\\u015fka belirsizli\\u011fin de yapay zek\\u00e2ya y\\u00f6nelik piyasa alg\\u0131s\\u0131nda ani bir geri d\\u00f6n\\u00fc\\u015f ihtimali oldu\\u011funu s\\u00f6yledi.\\nECB\\u2019nin eyl\\u00fcl projeksiyonlar\\u0131nda enflasyonun bu y\\u0131l ortalama y\\u00fczde 3,0 ve 2027\\u2019de y\\u00fczde 2,5 olaca\\u011f\\u0131 \\u00f6ng\\u00f6r\\u00fcl\\u00fcrken, olumsuz senaryoda enflasyonun gelecek y\\u0131l y\\u00fczde 3,2\\u2019ye \\u00e7\\u0131kmas\\u0131 bekleniyor. Rehn\\u2019in a\\u00e7\\u0131klamalar\\u0131, para politikas\\u0131 a\\u00e7\\u0131s\\u0131ndan artan enerji bask\\u0131s\\u0131 ile s\\u0131k\\u0131la\\u015fan finansal ko\\u015fullar aras\\u0131ndaki dengeyi \\u00f6ne \\u00e7\\u0131kard\\u0131.\\n\\ud83d\\udca1 Bilgi Notu: \\u201cEnflasyonun fiyatlara ve \\u00fccretlere ge\\u00e7i\\u015fi\\u201d, maliyetlerdeki bir art\\u0131\\u015f\\u0131n zamanla \\u00fcr\\u00fcn fiyatlar\\u0131na ve \\u00e7al\\u0131\\u015fan maa\\u015flar\\u0131na yans\\u0131mas\\u0131 demektir. \\u201cUzun vadeli faizler\\u201d ise k\\u0131sa vadeli politika faizinden farkl\\u0131 olarak, uzun vadeli bor\\u00e7lanma maliyetlerini g\\u00f6sterir.\\n\\ud83d\\udcca Piyasa Etkisi: A\\u00e7\\u0131klamalar, ECB\\u2019nin \\u00f6n\\u00fcm\\u00fczdeki d\\u00f6nemde temkinli kalabilece\\u011fine i\\u015faret ediyor. Enerji fiyatlar\\u0131 ve enflasyon bask\\u0131s\\u0131 g\\u00fc\\u00e7lenirse faizlerin y\\u00fcksek kalmas\\u0131 beklenebilir; bu da euroyu destekleyip tahvil fiyatlar\\u0131 \\u00fczerinde bask\\u0131 yaratabilir.\\n\"}]","footnotes":""},"categories":[8],"tags":[69,2616,1483],"class_list":["post-25878","post","type-post","status-publish","format-standard","hentry","category-son-dakikalar","tag-ecb","tag-faiz-politikasi","tag-olli-rehn"],"_links":{"self":[{"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/posts\/25878","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=25878"}],"version-history":[{"count":3,"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/posts\/25878\/revisions"}],"predecessor-version":[{"id":25913,"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/posts\/25878\/revisions\/25913"}],"wp:attachment":[{"href":"https:\/\/fxknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25878"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}