{"id":1569,"date":"2016-06-20T13:32:26","date_gmt":"2016-06-20T13:32:26","guid":{"rendered":"https:\/\/www.investaz.com.tr\/blog\/?p=1569"},"modified":"2023-08-16T12:38:32","modified_gmt":"2023-08-16T12:38:32","slug":"fed-faiz-artirimindan-petrol-nasil-etkilenir","status":"publish","type":"post","link":"https:\/\/www.investaz.com.tr\/blog\/fed-faiz-artirimindan-petrol-nasil-etkilenir\/","title":{"rendered":"FED Faiz Art\u0131r\u0131m\u0131ndan Petrol Nas\u0131l Etkilenir?"},"content":{"rendered":"

Bilindi\u011fi \u00fczere ge\u00e7en sene Amerikan Merkez Bankas\u0131<\/a> FED; 0,25 puanl\u0131k art\u0131\u015fa gitti. Bu art\u0131\u015ftan \u00f6nce k\u00fcresel piyasalar belirsizli\u011fe girdi, ekonomistler olas\u0131 felaket senaryolar\u0131n\u0131 de\u011ferlendirdi. Asl\u0131nda bu korku, FED\u2019in 2006 y\u0131l\u0131nda yapt\u0131\u011f\u0131 sert faiz art\u0131r\u0131m\u0131ndan geliyor. (2006 y\u0131l\u0131nda yap\u0131lm\u0131\u015f olan faiz art\u0131r\u0131m\u0131 k\u00fcresel piyasalar\u0131 bir hayli zor duruma sokmu\u015ftu.) Bu y\u00fczden FED\u2019in ara ara yapt\u0131\u011f\u0131 faiz art\u0131r\u0131m\u0131 a\u00e7\u0131klamalar\u0131, ekonomileri heyecanland\u0131rmaya yetiyor. \u00c7\u00fcnk\u00fc faiz art\u0131r\u0131mlar\u0131 yat\u0131r\u0131mlar\u0131n ABD Dolar\u0131\u2019na kaymas\u0131na, di\u011fer para birimlerinin de\u011ferinin d\u00fc\u015fmesine sebep olabiliyor. Bu durumdan, \u00f6zellikle geli\u015fmekte olan \u00fclke ekonomileri olumsuz y\u00f6nde etkileniyor. ABD Dolar\u0131\u2019n\u0131n hareketlerine g\u00f6re \u015fekil alan emtialarda da geli\u015fmelerden pay\u0131n\u0131 al\u0131yor. Peki, petrol FED\u2019in olas\u0131 bir erken faiz art\u0131r\u0131m\u0131 karar\u0131ndan nas\u0131l hareketler sergiliyor?<\/p>\n

ABD Dolar\u0131 ve Petrol<\/strong><\/p>\n

\u015eu aralar k\u00fcresel piyasalardaki karamsar tablolar ve negatif faizlere kar\u015f\u0131 ABD Dolar\u0131 gayet \u0131l\u0131ml\u0131 bir seyir izliyor. Petrol de\u011feri korunurken, kademeli art\u0131\u015fa bile gidiyor. Ancak k\u00fcresel ekonominin haz\u0131r olmad\u0131\u011f\u0131 bir faiz art\u0131r\u0131m\u0131, petrol fiyatlar\u0131<\/a>n\u0131n \u00fcst\u00fcnde bask\u0131 olu\u015fturabilir. Yani, bu durum ABD Dolar\u0131\u2019n\u0131n y\u00fckselmesi kar\u015f\u0131s\u0131nda ham petrole olan talebin d\u00fc\u015fece\u011fini g\u00f6sterir. B\u00f6yle bir geli\u015fme, petrol fiyatlar\u0131n\u0131n d\u00fc\u015fmesine sebep olacakt\u0131r.<\/p>\n

Petrol \u015eirketleri Zor Durumda Kalabilir<\/strong><\/p>\n

Erken bir faiz art\u0131r\u0131m\u0131, petrol \u015firketlerinin bor\u00e7lanma maliyetlerini y\u00fckseltecektir. Petrol \u015firketlerinin bor\u00e7lar\u0131n\u0131 kapatabilmeleri i\u00e7in bulduklar\u0131 \u00e7\u0131k\u0131\u015f yollar\u0131, y\u00fcksek faiz art\u0131r\u0131m\u0131 ger\u00e7ekle\u015firse zor hale gelebilir. Bu durum haliyle \u00fcretimi azaltacak ve petrol\u00fcn \u00fcst\u00fcnde hissedilir bir bask\u0131ya neden olacakt\u0131r. Bu art\u0131r\u0131m temposu e\u011fer geni\u015f zamanlara yay\u0131l\u0131rsa, \u015firketlerin yat\u0131r\u0131m planlar\u0131n\u0131 aksatmas\u0131 gibi bir senaryo ile de kar\u015f\u0131la\u015fabiliriz. Fakat FED\u2019in son d\u00f6nemlerde yapt\u0131\u011f\u0131 yumu\u015fak art\u0131r\u0131mlar, bu senaryodan biraz uzakla\u015fmam\u0131z\u0131 da sa\u011fl\u0131yor.<\/p>\n

Petrolle Olan \u0130lgini Azalmas\u0131 Fiyatlar\u0131 Nas\u0131l Etkiler?<\/strong><\/p>\n

Petrol fiyatlar\u0131na etki edecek olan bir di\u011fer unsur, \u00fcretimin aksamas\u0131 olacakt\u0131r. Fakat di\u011fer sekt\u00f6rler de bu geli\u015fmeden etkilenecekleri i\u00e7in talepte meydana gelebilecek zay\u0131flama, petrol fiyatlar\u0131n\u0131n artmas\u0131na de\u011fil, zay\u0131flamas\u0131na sebep olacakt\u0131r. Bu ko\u015fullar alt\u0131nda hisse endekslerinin tepkisiz olmas\u0131 beklenemez. Hisse yat\u0131r\u0131mc\u0131lar\u0131 bu tempolu daralmaya ilgilerini azaltabilirler. Forex yat\u0131r\u0131mc\u0131lar\u0131, forex petrol yat\u0131r\u0131mlar\u0131nda hareketlerini al\u0131\u015f y\u00f6n\u00fcnden ger\u00e7ekle\u015ftirme yoluna gidebilirler. Bahsetti\u011fimiz ko\u015fullar \u00e7er\u00e7evesinde k\u00f6t\u00fc bir tablonun \u00e7\u0131kt\u0131\u011f\u0131n\u0131n fark\u0131nday\u0131z. Fakat FED\u2019in piyasalar haz\u0131r olmadan yapt\u0131\u011f\u0131 bu faiz art\u0131r\u0131m\u0131n\u0131n petrole etkisi yads\u0131namaz boyutta olabilir.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bilindi\u011fi \u00fczere ge\u00e7en sene Amerikan Merkez Bankas\u0131 FED; 0,25 puanl\u0131k art\u0131\u015fa gitti. Bu art\u0131\u015ftan \u00f6nce k\u00fcresel piyasalar belirsizli\u011fe girdi, ekonomistler olas\u0131 felaket senaryolar\u0131n\u0131 de\u011ferlendirdi. Asl\u0131nda bu korku, FED\u2019in 2006 y\u0131l\u0131nda yapt\u0131\u011f\u0131 sert faiz art\u0131r\u0131m\u0131ndan geliyor. (2006 y\u0131l\u0131nda yap\u0131lm\u0131\u015f olan faiz art\u0131r\u0131m\u0131 k\u00fcresel piyasalar\u0131 bir hayli zor duruma sokmu\u015ftu.) Bu y\u00fczden FED\u2019in ara ara yapt\u0131\u011f\u0131 faiz…<\/p>\n","protected":false},"author":1,"featured_media":1591,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-1569","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-makaleler"],"_links":{"self":[{"href":"https:\/\/www.investaz.com.tr\/blog\/wp-json\/wp\/v2\/posts\/1569","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investaz.com.tr\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investaz.com.tr\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investaz.com.tr\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investaz.com.tr\/blog\/wp-json\/wp\/v2\/comments?post=1569"}],"version-history":[{"count":4,"href":"https:\/\/www.investaz.com.tr\/blog\/wp-json\/wp\/v2\/posts\/1569\/revisions"}],"predecessor-version":[{"id":4570,"href":"https:\/\/www.investaz.com.tr\/blog\/wp-json\/wp\/v2\/posts\/1569\/revisions\/4570"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.investaz.com.tr\/blog\/wp-json\/wp\/v2\/media\/1591"}],"wp:attachment":[{"href":"https:\/\/www.investaz.com.tr\/blog\/wp-json\/wp\/v2\/media?parent=1569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investaz.com.tr\/blog\/wp-json\/wp\/v2\/categories?post=1569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investaz.com.tr\/blog\/wp-json\/wp\/v2\/tags?post=1569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}