{"id":40154,"date":"2026-10-09T14:03:57","date_gmt":"2026-10-09T13:03:57","guid":{"rendered":"https:\/\/by-tv.co.uk\/?p=40154"},"modified":"2026-10-09T14:03:57","modified_gmt":"2026-10-09T13:03:57","slug":"ingilterenin-borclanma-maliyeti-19-yilin-zirvesinde","status":"publish","type":"post","link":"https:\/\/by-tv.co.uk\/en\/ingilterenin-borclanma-maliyeti-19-yilin-zirvesinde\/","title":{"rendered":"\u0130ngiltere\u2019nin bor\u00e7lanma maliyeti 19 y\u0131l\u0131n zirvesinde"},"content":{"rendered":"

K\u00fcresel tahvil piyasalar\u0131ndaki sat\u0131\u015f bask\u0131s\u0131, \u0130ngiltere’nin kamu bor\u00e7lanma maliyetlerini son 19 y\u0131l\u0131n en y\u00fcksek seviyesine<\/strong> ta\u015f\u0131d\u0131. Petrol fiyatlar\u0131ndaki y\u00fckseli\u015fin enflasyon endi\u015felerini art\u0131rmas\u0131yla 10 y\u0131ll\u0131k \u0130ngiliz devlet tahvili faizi, 8 Ekim Per\u015fembe g\u00fcn\u00fc y\u00fczde 5,527’ye \u00e7\u0131kt\u0131.<\/p>\n

T<\/strong>ahvil faizlerindeki art\u0131\u015f \u0130ngiltere ile s\u0131n\u0131rl\u0131 kalmad\u0131. ABD ve Avrupa’n\u0131n b\u00fcy\u00fck ekonomilerinde de bor\u00e7lanma maliyetleri y\u00fckselirken yat\u0131r\u0131mc\u0131lar enerji fiyatlar\u0131n\u0131n enflasyon ve kamu maliyesi \u00fczerindeki etkilerine odakland\u0131.<\/p>\n

Uzun vadeli tahvil faizleri 1998’den bu yana en y\u00fcksek seviyede<\/strong><\/h4>\n

\u0130ngiltere’de sat\u0131\u015f bask\u0131s\u0131 \u00f6zellikle uzun vadeli devlet tahvillerinde yo\u011funla\u015ft\u0131. 20 y\u0131ll\u0131k tahvil faizi y\u00fczde 6’ya, 30 y\u0131ll\u0131k tahvil faizi ise y\u00fczde 6,05’e<\/strong> y\u00fckseldi.<\/p>

\"\"<\/a><\/div>\n

Her iki vadede de 1998 ba\u015f\u0131ndan bu yana en y\u00fcksek seviyeler kaydedildi. Faizler \u00f6nceki i\u015flem g\u00fcn\u00fcne g\u00f6re yakla\u015f\u0131k 7 baz puan artt\u0131.<\/p>\n

Uzun vadeli faizlerdeki y\u00fckseli\u015f, h\u00fck\u00fcmetin yeni bor\u00e7lanmalar\u0131nda daha y\u00fcksek maliyetlerle kar\u015f\u0131la\u015fabilece\u011fine i\u015faret ediyor. Bu durum, vadesi gelen bor\u00e7lar\u0131n yeniden finansman\u0131nda b\u00fct\u00e7e \u00fczerindeki faiz y\u00fck\u00fcn\u00fc art\u0131rabilir.<\/p>\n

Petrol fiyatlar\u0131 enflasyon endi\u015felerini art\u0131rd\u0131<\/strong><\/h4>\n

Tahvil piyasalar\u0131ndaki hareketin ba\u015fl\u0131ca nedenlerinden biri enerji fiyatlar\u0131ndaki y\u00fckseli\u015f oldu.<\/p>\n

Brent petrol\u00fcn varil fiyat\u0131 8 Ekim’de 105 dolara kadar \u00e7\u0131kt\u0131.<\/strong> Enerji arz\u0131na ili\u015fkin belirsizlikler ve \u00fcretim kesintisi riskleri, petrol fiyatlar\u0131ndaki art\u0131\u015f\u0131 destekledi.<\/p>\n

Y\u00fcksek enerji fiyatlar\u0131, hane halk\u0131n\u0131n harcamalar\u0131n\u0131n yan\u0131 s\u0131ra ula\u015ft\u0131rma ve sanayi sekt\u00f6rlerinin maliyetlerini de art\u0131r\u0131yor.<\/p>\n

Enflasyonun uzun s\u00fcre y\u00fcksek kalabilece\u011fi beklentisi, yat\u0131r\u0131mc\u0131lar\u0131n devlet tahvillerinden daha y\u00fcksek getiri talep etmesine neden oluyor. Bu geli\u015fme, merkez bankalar\u0131n\u0131n faiz indirimlerine y\u00f6nelik beklentileri de etkiliyor.<\/p>\n

28 Ekim b\u00fct\u00e7esi \u00f6ncesinde h\u00fck\u00fcmete bask\u0131<\/strong><\/h4>\n

Bor\u00e7lanma maliyetlerindeki art\u0131\u015f, \u0130ngiltere h\u00fck\u00fcmetinin 28 Ekim’de a\u00e7\u0131klayaca\u011f\u0131 b\u00fct\u00e7e<\/strong> \u00f6ncesinde kamu maliyesine ili\u015fkin endi\u015feleri g\u00fc\u00e7lendirdi.<\/p>\n

Financial Times’\u0131n de\u011ferlendirmesine g\u00f6re, artan faiz \u00f6demeleri ve enflasyonun etkisiyle h\u00fck\u00fcmetin mali hareket alan\u0131, mart ay\u0131nda \u00f6ng\u00f6r\u00fclen 23,6 milyar sterlinden yakla\u015f\u0131k 12 milyar sterline<\/strong> geriledi.<\/p>\n

S\u00f6z konusu tutar, ger\u00e7ekle\u015fmi\u015f b\u00fct\u00e7e a\u00e7\u0131\u011f\u0131n\u0131 de\u011fil, h\u00fck\u00fcmetin mali kurallar kapsam\u0131nda kullanabilece\u011fi tahmini kayna\u011f\u0131 ifade ediyor.<\/p>\n

Tahvil faizlerinin y\u00fcksek seyretmesi, h\u00fck\u00fcmetin kamu harcamalar\u0131, vergi politikalar\u0131 ve bor\u00e7 y\u00f6netimi konusunda daha s\u0131n\u0131rl\u0131 se\u00e7eneklerle kar\u015f\u0131la\u015fmas\u0131na neden olabilir.<\/p>\n

\u0130ngiltere Merkez Bankas\u0131 Ba\u015fkan\u0131’ndan uyar\u0131<\/strong><\/h2>\n

\u0130ngiltere Merkez Bankas\u0131 Ba\u015fkan\u0131 Andrew Bailey<\/strong>, 8 Ekim’de \u0130stanbul’da kat\u0131ld\u0131\u011f\u0131 ekonomi forumunda mali g\u00fcvenilirli\u011fin \u00f6nemine dikkat \u00e7ekti.<\/p>\n

K\u00fcresel finans piyasalar\u0131ndaki dalgalanmalara de\u011finen Bailey, s\u00fcrd\u00fcr\u00fclebilir kamu maliyesi politikalar\u0131n\u0131n finansal istikrar a\u00e7\u0131s\u0131ndan belirleyici oldu\u011funu vurgulad\u0131.<\/p>\n

B\u00fcy\u00fck yat\u0131r\u0131mc\u0131 pozisyonlar\u0131n\u0131n tahvil piyasalar\u0131nda olu\u015fturabilece\u011fi risklere de i\u015faret eden Bailey’nin a\u00e7\u0131klamalar\u0131, \u0130ngiltere’de bor\u00e7lanma maliyetlerinin tarihi seviyelere ula\u015ft\u0131\u011f\u0131 d\u00f6nemde geldi.<\/p>\n

\u0130ngiltere Merkez Bankas\u0131 politika faizini y\u00fczde 3,75 seviyesinde tutarken<\/strong>, piyasalarda enerji fiyatlar\u0131n\u0131n gelecekteki faiz kararlar\u0131na etkisi de\u011ferlendiriliyor.<\/p>\n

Avrupa’da da tahvil faizleri y\u00fckseliyor<\/strong><\/h4>\n

\u0130ngiltere’deki geli\u015fmeler, Avrupa genelindeki tahvil sat\u0131\u015flar\u0131yla ayn\u0131 d\u00f6nemde ya\u015fand\u0131.<\/p>\n

Fransa ve Almanya’da da tahvil getirileri y\u00fckselirken y\u00fcksek kamu borcu, enerji maliyetleri ve enflasyon beklentileri yat\u0131r\u0131mc\u0131lar\u0131n de\u011ferlendirmelerinde \u00f6ne \u00e7\u0131kt\u0131.<\/p>\n

Bor\u00e7lanma maliyetlerinin y\u00fcksek kalmas\u0131, \u00f6zellikle finansman ihtiyac\u0131 fazla olan \u00fclkelerde kamu b\u00fct\u00e7eleri \u00fczerindeki bask\u0131y\u0131 art\u0131rabilir.<\/p>\n

 <\/strong><\/p>\n

\"\"<\/a><\/div>","protected":false},"excerpt":{"rendered":"

K\u00fcresel tahvil piyasalar\u0131ndaki sat\u0131\u015f bask\u0131s\u0131, \u0130ngiltere’nin kamu bor\u00e7lanma maliyetlerini son 19 y\u0131l\u0131n en y\u00fcksek seviyesine ta\u015f\u0131d\u0131. Petrol fiyatlar\u0131ndaki y\u00fckseli\u015fin enflasyon endi\u015felerini art\u0131rmas\u0131yla 10 y\u0131ll\u0131k \u0130ngiliz devlet tahvili faizi, 8 Ekim Per\u015fembe g\u00fcn\u00fc y\u00fczde 5,527’ye \u00e7\u0131kt\u0131. Tahvil faizlerindeki art\u0131\u015f \u0130ngiltere ile s\u0131n\u0131rl\u0131 kalmad\u0131. ABD ve Avrupa’n\u0131n b\u00fcy\u00fck ekonomilerinde de bor\u00e7lanma maliyetleri y\u00fckselirken yat\u0131r\u0131mc\u0131lar enerji fiyatlar\u0131n\u0131n enflasyon ve kamu maliyesi \u00fczerindeki etkilerine odakland\u0131. Uzun vadeli tahvil faizleri 1998’den bu yana en y\u00fcksek seviyede \u0130ngiltere’de sat\u0131\u015f bask\u0131s\u0131 \u00f6zellikle uzun vadeli devlet tahvillerinde yo\u011funla\u015ft\u0131. 20 y\u0131ll\u0131k tahvil faizi y\u00fczde 6’ya, 30 y\u0131ll\u0131k tahvil faizi ise y\u00fczde 6,05’e y\u00fckseldi. Her iki vadede de 1998 ba\u015f\u0131ndan […]<\/p>\n","protected":false},"author":11,"featured_media":35434,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[5269],"tags":[],"class_list":["post-40154","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-birlesik-krallik"],"_links":{"self":[{"href":"https:\/\/by-tv.co.uk\/en\/wp-json\/wp\/v2\/posts\/40154","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/by-tv.co.uk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/by-tv.co.uk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/by-tv.co.uk\/en\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/by-tv.co.uk\/en\/wp-json\/wp\/v2\/comments?post=40154"}],"version-history":[{"count":2,"href":"https:\/\/by-tv.co.uk\/en\/wp-json\/wp\/v2\/posts\/40154\/revisions"}],"predecessor-version":[{"id":40156,"href":"https:\/\/by-tv.co.uk\/en\/wp-json\/wp\/v2\/posts\/40154\/revisions\/40156"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/by-tv.co.uk\/en\/wp-json\/wp\/v2\/media\/35434"}],"wp:attachment":[{"href":"https:\/\/by-tv.co.uk\/en\/wp-json\/wp\/v2\/media?parent=40154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/by-tv.co.uk\/en\/wp-json\/wp\/v2\/categories?post=40154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/by-tv.co.uk\/en\/wp-json\/wp\/v2\/tags?post=40154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}