{"id":1876,"date":"2025-07-25T07:19:25","date_gmt":"2025-07-25T07:19:25","guid":{"rendered":"https:\/\/www.kayaismail.com\/?p=1876"},"modified":"2025-07-25T07:19:25","modified_gmt":"2025-07-25T07:19:25","slug":"faiz-indirimi-siyasi-dalga-ve-ekonomik-yol-ayrimi","status":"publish","type":"post","link":"https:\/\/www.kayaismail.com\/index.php\/2025\/07\/25\/faiz-indirimi-siyasi-dalga-ve-ekonomik-yol-ayrimi\/","title":{"rendered":"Faiz \u0130ndirimi, Siyasi Dalga ve Ekonomik Yol Ayr\u0131m\u0131"},"content":{"rendered":"\n<p>T\u00fcrkiye Cumhuriyet Merkez Bankas\u0131 (TCMB), 24 Temmuz 2025 tarihinde politika faizini 300 baz puan indirerek %46\u2019dan %43 seviyesine \u00e7ekti. Bu karar, y\u0131l\u0131n ikinci faiz indirimi olmakla birlikte, sadece teknik bir para politikas\u0131 ad\u0131m\u0131 de\u011fil; ayn\u0131 zamanda T\u00fcrkiye\u2019nin son d\u00f6nemde ya\u015fad\u0131\u011f\u0131&nbsp;<strong>siyasi ve ekonomik sars\u0131nt\u0131lar\u0131n ard\u0131ndan verilmek istenen g\u00fc\u00e7l\u00fc mesajlardan biri<\/strong>&nbsp;olarak da okunabilir.<\/p>\n\n\n\n<p>Peki, bu hamle ne anlama geliyor? Ve daha \u00f6nemlisi,&nbsp;<strong>19 Mart 2025\u2019te ba\u015flayan tutuklanma s\u00fcreciyle birlikte \u00fclkede de\u011fi\u015fen atmosfer<\/strong>, ekonomi politikalar\u0131n\u0131 nas\u0131l etkiliyor?<\/p>\n\n\n\n<p>Takvimler 19 Mart\u2019\u0131 g\u00f6sterdi\u011finde, T\u00fcrkiye\u2019de g\u00fcndem bir anda de\u011fi\u015fti. Ba\u015fta medya, i\u015f d\u00fcnyas\u0131 ve b\u00fcrokrasiden isimler olmak \u00fczere \u00e7ok say\u0131da ki\u015fi, \u201cyarg\u0131 s\u00fcre\u00e7leri\u201d kapsam\u0131nda sabaha kar\u015f\u0131 g\u00f6zalt\u0131na al\u0131nd\u0131. Bu olay, sadece bireylerin de\u011fil,&nbsp;<strong>kurumlar\u0131n da sorgulanmaya ba\u015fland\u0131\u011f\u0131<\/strong>, siyasi tansiyonun h\u0131zla t\u0131rmand\u0131\u011f\u0131 bir d\u00f6nemin fitilini ate\u015fledi.<\/p>\n\n\n\n<p>Bu geli\u015fmenin hemen ard\u0131ndan:<\/p>\n\n\n\n<p>\u2022 Piyasalarda belirsizlik fiyatlanmaya ba\u015flad\u0131.<\/p>\n\n\n\n<p>\u2022 D\u00f6viz kurlar\u0131nda ani s\u0131\u00e7ramalar ya\u015fand\u0131.<\/p>\n\n\n\n<p>\u2022 CDS ( Kredi Risk Primi ) primleri y\u00fckseldi, risk alg\u0131s\u0131 keskinle\u015fti.<\/p>\n\n\n\n<p>\u2022 Uluslararas\u0131 yat\u0131r\u0131mc\u0131lar\u0131n T\u00fcrkiye alg\u0131s\u0131 yeniden sorgulan\u0131r hale geldi.<\/p>\n\n\n\n<p>T\u00fcm bu s\u00fcre\u00e7 ya\u015fan\u0131rken, Merkez Bankas\u0131 asl\u0131nda sessiz ama&nbsp;<strong>kararl\u0131 bir s\u0131k\u0131 para politikas\u0131 duru\u015funu<\/strong>s\u00fcrd\u00fcrd\u00fc. Faizler %50\u2019ye kadar dayanmasa da uzun s\u00fcre y\u00fcksek seviyelerde sabit kald\u0131. Bankac\u0131l\u0131k sekt\u00f6r\u00fc \u00fczerinden kredi b\u00fcy\u00fcmesi s\u0131n\u0131rlan\u0131rken, i\u00e7 talep so\u011futulmaya \u00e7al\u0131\u015f\u0131ld\u0131.<\/p>\n\n\n\n<p>Tam da bu karma\u015f\u0131k tablo i\u00e7inde TCMB, y\u0131l\u0131n ikinci faiz indirimiyle politika faizini %43 seviyesine \u00e7ekti. Karar metninde \u015fu ifadeler \u00f6ne \u00e7\u0131kt\u0131:<\/p>\n\n\n\n<p>\u2022 Enflasyon g\u00f6stergelerinde kal\u0131c\u0131 iyile\u015fme sinyalleri.<\/p>\n\n\n\n<p>\u2022 Parasal s\u0131k\u0131l\u0131\u011f\u0131n i\u00e7 talep ve fiyatlama \u00fczerindeki etkisinin belirginle\u015fmesi.<\/p>\n\n\n\n<p>\u2022 Dezenflasyon s\u00fcrecinin y\u0131l\u0131n kalan\u0131nda h\u0131z kazanaca\u011f\u0131 beklentisi.<\/p>\n\n\n\n<p>Ancak bu s\u00f6ylemlerin arkas\u0131nda, sadece teknik de\u011fil,&nbsp;<strong>politika yap\u0131c\u0131lar\u0131n g\u00fcven in\u015fas\u0131na y\u00f6nelik stratejik bir hamlesi<\/strong>&nbsp;de olabilir.<\/p>\n\n\n\n<p>Faiz indirimi, teknik olarak do\u011fru zamanda ve do\u011fru zeminde yap\u0131ld\u0131\u011f\u0131nda ekonomiye nefes ald\u0131rabilir. Ancak bu ad\u0131m\u0131n etkili olabilmesi i\u00e7in&nbsp;<strong>hukuki g\u00fcvenli\u011fin, kurumsal ba\u011f\u0131ms\u0131zl\u0131\u011f\u0131n ve siyasi istikrar\u0131n<\/strong>da en az enflasyon kadar \u00f6nem ta\u015f\u0131d\u0131\u011f\u0131 unutulmamal\u0131d\u0131r.<\/p>\n\n\n\n<p>Ekonomi sadece matematik de\u011fil, ayn\u0131 zamanda psikoloji ve g\u00fcven i\u015fidir. 19 Mart\u2019tan sonra sars\u0131lan dengelerin yeniden kurulmas\u0131 zaman alacak. Bu nedenle Merkez Bankas\u0131\u2019n\u0131n att\u0131\u011f\u0131 her ad\u0131m\u0131n sadece rakamsal de\u011fil,&nbsp;<strong>alg\u0131sal sonu\u00e7lar\u0131<\/strong>&nbsp;da olacakt\u0131r.<\/p>\n\n\n\n<p>Sevgiyle kal\u0131n.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>T\u00fcrkiye Cumhuriyet Merkez Bankas\u0131 (TCMB), 24 Temmuz 2025 tarihinde politika faizini 300 baz puan indirerek %46\u2019dan %43 seviyesine \u00e7ekti. Bu&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1877,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-1876","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ozgun-yazilar"],"_links":{"self":[{"href":"https:\/\/www.kayaismail.com\/index.php\/wp-json\/wp\/v2\/posts\/1876","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kayaismail.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kayaismail.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kayaismail.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kayaismail.com\/index.php\/wp-json\/wp\/v2\/comments?post=1876"}],"version-history":[{"count":1,"href":"https:\/\/www.kayaismail.com\/index.php\/wp-json\/wp\/v2\/posts\/1876\/revisions"}],"predecessor-version":[{"id":1878,"href":"https:\/\/www.kayaismail.com\/index.php\/wp-json\/wp\/v2\/posts\/1876\/revisions\/1878"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kayaismail.com\/index.php\/wp-json\/wp\/v2\/media\/1877"}],"wp:attachment":[{"href":"https:\/\/www.kayaismail.com\/index.php\/wp-json\/wp\/v2\/media?parent=1876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kayaismail.com\/index.php\/wp-json\/wp\/v2\/categories?post=1876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kayaismail.com\/index.php\/wp-json\/wp\/v2\/tags?post=1876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}