{"id":13551,"date":"2026-03-19T13:04:20","date_gmt":"2026-03-19T10:04:20","guid":{"rendered":"https:\/\/www.merceknet.com\/tr\/?p=13551"},"modified":"2026-03-19T13:04:20","modified_gmt":"2026-03-19T10:04:20","slug":"tcmbden-hukumete-enflasyon-mektubu","status":"publish","type":"post","link":"https:\/\/www.merceknet.com\/tr\/2026\/03\/19\/tcmbden-hukumete-enflasyon-mektubu\/","title":{"rendered":"TCMB\u2019den h\u00fck\u00fcmete enflasyon mektubu"},"content":{"rendered":"

T\u00fcrkiye Cumhuriyet Merkez Bankas\u0131 (TCMB), 1211 say\u0131l\u0131 Merkez Bankas\u0131 Kanunu\u2019nun 42\u2019nci maddesi kapsam\u0131nda, 2025 y\u0131l\u0131 enflasyon hedeflerinden sap\u0131lmas\u0131n\u0131n nedenlerini ve bu s\u00fcre\u00e7te izlenen politikalar\u0131 i\u00e7eren a\u00e7\u0131k mektubu Hazine ve Maliye Bakan\u0131 Mehmet \u015eim\u015fek\u2019e g\u00f6nderdi.<\/p>\n

TCMB\u2019nin mektubunda, 2024 y\u0131l\u0131n\u0131n ortas\u0131nda ba\u015flayan dezenflasyon s\u00fcrecinin 2025 y\u0131l\u0131nda da devam etti\u011fi, ancak baz\u0131 yap\u0131sal ve d\u00f6nemsel unsurlar nedeniyle bu s\u00fcrecin beklenenden daha yava\u015f ilerledi\u011fi vurguland\u0131. Banka, enflasyonun hedefin \u00fczerinde kalmas\u0131nda fiyatlama davran\u0131\u015flar\u0131ndaki kat\u0131l\u0131k, beklentilerin hedeflerle s\u0131n\u0131rl\u0131 uyumu ve d\u00f6nemsel arz \u015foklar\u0131n\u0131n etkili oldu\u011funu belirtti.<\/p>\n

Mektupta \u00f6zellikle kurakl\u0131k ve don gibi olumsuz hava ko\u015fullar\u0131n\u0131n g\u0131da fiyatlar\u0131 \u00fczerinde yukar\u0131 y\u00f6nl\u00fc bask\u0131 olu\u015fturdu\u011fu ifade edildi. Bu geli\u015fmelerin enflasyon beklentilerini de olumsuz etkiledi\u011fi kaydedildi. E\u011fitim ve kira gibi ge\u00e7mi\u015f enflasyona endeksleme e\u011filiminin g\u00fc\u00e7l\u00fc oldu\u011fu kalemlerde fiyat art\u0131\u015flar\u0131n\u0131n y\u00fcksek seyrini korudu\u011fu, jeopolitik geli\u015fmelere ba\u011fl\u0131 enerji fiyat\u0131 oynakl\u0131\u011f\u0131n\u0131n da d\u00f6nem d\u00f6nem maliyet bask\u0131s\u0131n\u0131 art\u0131rd\u0131\u011f\u0131 aktar\u0131ld\u0131.<\/p>\n

TCMB, 2025 y\u0131l\u0131 boyunca enflasyon g\u00f6r\u00fcn\u00fcm\u00fcne odaklanan ihtiyatl\u0131 bir para politikas\u0131 yakla\u015f\u0131m\u0131 izledi\u011fini bildirdi. Bu kapsamda ocak ve mart aylar\u0131nda politika faizinde toplam 500 baz puan indirime gidilerek oran y\u00fczde 42,5 seviyesine \u00e7ekildi. Ancak nisan ay\u0131nda finansal piyasalarda ya\u015fanan geli\u015fmeler \u00fczerine yeniden s\u0131k\u0131la\u015fma ad\u0131m\u0131 at\u0131ld\u0131\u011f\u0131 ve politika faizinin y\u00fczde 46\u2019ya y\u00fckseltildi\u011fi belirtildi.<\/p>\n

Y\u0131l\u0131n devam\u0131nda ise faiz indirimlerinin yeniden g\u00fcndeme geldi\u011fi, 2025 Aral\u0131k ay\u0131 itibar\u0131yla politika faizinin y\u00fczde 38\u2019e, 2026 Ocak ay\u0131nda yap\u0131lan s\u0131n\u0131rl\u0131 indirimle de y\u00fczde 37 seviyesine geriledi\u011fi ifade edildi.<\/p>\n

Mektupta makroihtiyati politikalar da geni\u015f yer buldu. TCMB, parasal aktar\u0131m mekanizmas\u0131n\u0131n g\u00fc\u00e7lendirilmesi amac\u0131yla Kur Korumal\u0131 Mevduat (KKM) hesaplar\u0131n\u0131n sonland\u0131r\u0131lmas\u0131 ve T\u00fcrk liras\u0131 mevduat\u0131n pay\u0131n\u0131n art\u0131r\u0131lmas\u0131na y\u00f6nelik stratejilerin s\u00fcrd\u00fcr\u00fcld\u00fc\u011f\u00fcn\u00fc bildirdi.<\/p>\n

Sonu\u00e7 b\u00f6l\u00fcm\u00fcnde ise enflasyon g\u00f6r\u00fcn\u00fcm\u00fcnde belirgin bir bozulma ya\u015fanmas\u0131 halinde para politikas\u0131 duru\u015funun teredd\u00fct edilmeksizin daha da s\u0131k\u0131la\u015ft\u0131r\u0131laca\u011f\u0131 mesaj\u0131 verildi. K\u0131sa ve orta vadeli enflasyon hedeflerine ula\u015f\u0131lmas\u0131 i\u00e7in izlenecek yol haritas\u0131n\u0131n 12 \u015eubat\u2019ta yay\u0131mlanan \u201c2026 Enflasyon Raporu-I\u201d ile ekte yer alan \u201c2026 Para Politikas\u0131\u201d metinlerinde ayr\u0131nt\u0131l\u0131 \u015fekilde ortaya kondu\u011fu hat\u0131rlat\u0131ld\u0131.<\/p>\n","protected":false},"excerpt":{"rendered":"

T\u00fcrkiye Cumhuriyet Merkez Bankas\u0131, 2025 y\u0131l\u0131 enflasyon hedefinden sapman\u0131n nedenlerini ve izlenen para politikalar\u0131n\u0131 i\u00e7eren a\u00e7\u0131k mektubu Hazine ve Maliye Bakan\u0131 Mehmet \u015eim\u015fek\u2019e sundu. Mektupta fiyatlama kat\u0131l\u0131\u011f\u0131, beklenti bozulmas\u0131 ve arz \u015foklar\u0131 \u00f6ne \u00e7\u0131kan ba\u015fl\u0131klar oldu.<\/p>\n","protected":false},"author":2,"featured_media":2692,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[115,1143,3440,1948,435,432],"class_list":["post-13551","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ekonomi","tag-enflasyon","tag-faiz","tag-hazinevemaliyebakanligi","tag-mehmetsimsek","tag-parapolitikasi","tag-tcmb"],"yoast_head":"\nTCMB\u2019den h\u00fck\u00fcmete enflasyon mektubu - Merceknet Haber<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.merceknet.com\/tr\/2026\/03\/19\/tcmbden-hukumete-enflasyon-mektubu\/\" \/>\n<meta property=\"og:locale\" content=\"tr_TR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TCMB\u2019den h\u00fck\u00fcmete enflasyon mektubu - Merceknet Haber\" \/>\n<meta property=\"og:description\" content=\"T\u00fcrkiye Cumhuriyet Merkez Bankas\u0131, 2025 y\u0131l\u0131 enflasyon hedefinden sapman\u0131n nedenlerini ve izlenen para politikalar\u0131n\u0131 i\u00e7eren a\u00e7\u0131k mektubu Hazine ve Maliye Bakan\u0131 Mehmet \u015eim\u015fek\u2019e sundu. Mektupta fiyatlama kat\u0131l\u0131\u011f\u0131, beklenti bozulmas\u0131 ve arz \u015foklar\u0131 \u00f6ne \u00e7\u0131kan ba\u015fl\u0131klar oldu.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.merceknet.com\/tr\/2026\/03\/19\/tcmbden-hukumete-enflasyon-mektubu\/\" \/>\n<meta property=\"og:site_name\" content=\"Merceknet Haber\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/merceknet\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/merceknet\" \/>\n<meta property=\"article:published_time\" content=\"2026-03-19T10:04:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.merceknet.com\/tr\/wp-content\/uploads\/2026\/01\/merkez-bankasi.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"913\" \/>\n\t<meta property=\"og:image:height\" content=\"594\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Hamdi Ba\u011fc\u0131\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/x.com\/merceknethaber\" \/>\n<meta name=\"twitter:site\" content=\"@merceknethaber\" \/>\n<meta name=\"twitter:label1\" content=\"Yazan:\" \/>\n\t<meta name=\"twitter:data1\" content=\"Hamdi Ba\u011fc\u0131\" \/>\n\t<meta name=\"twitter:label2\" content=\"Tahmini okuma s\u00fcresi\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 dakika\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.merceknet.com\\\/tr\\\/2026\\\/03\\\/19\\\/tcmbden-hukumete-enflasyon-mektubu\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.merceknet.com\\\/tr\\\/2026\\\/03\\\/19\\\/tcmbden-hukumete-enflasyon-mektubu\\\/\"},\"author\":{\"name\":\"Hamdi Ba\u011fc\u0131\",\"@id\":\"https:\\\/\\\/www.merceknet.com\\\/tr\\\/#\\\/schema\\\/person\\\/28c60df0a00241899776a580cb9db4f5\"},\"headline\":\"TCMB\u2019den h\u00fck\u00fcmete enflasyon mektubu\",\"datePublished\":\"2026-03-19T10:04:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.merceknet.com\\\/tr\\\/2026\\\/03\\\/19\\\/tcmbden-hukumete-enflasyon-mektubu\\\/\"},\"wordCount\":441,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.merceknet.com\\\/tr\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.merceknet.com\\\/tr\\\/2026\\\/03\\\/19\\\/tcmbden-hukumete-enflasyon-mektubu\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.merceknet.com\\\/tr\\\/wp-content\\\/uploads\\\/2026\\\/01\\\/merkez-bankasi.jpg\",\"keywords\":[\"Enflasyon\",\"Faiz\",\"HazineveMaliyeBakanl\u0131\u011f\u0131\",\"Mehmet\u015eim\u015fek\",\"ParaPolitikasi\",\"TCMB\"],\"articleSection\":[\"Ekonomi\"],\"inLanguage\":\"tr\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.merceknet.com\\\/tr\\\/2026\\\/03\\\/19\\\/tcmbden-hukumete-enflasyon-mektubu\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.merceknet.com\\\/tr\\\/2026\\\/03\\\/19\\\/tcmbden-hukumete-enflasyon-mektubu\\\/\",\"url\":\"https:\\\/\\\/www.merceknet.com\\\/tr\\\/2026\\\/03\\\/19\\\/tcmbden-hukumete-enflasyon-mektubu\\\/\",\"name\":\"TCMB\u2019den h\u00fck\u00fcmete enflasyon mektubu - 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