Goldman Sachs, bug\u00fcn yay\u0131mlad\u0131\u011f\u0131 raporda, 2025 y\u0131l\u0131 enflasyon ve faiz beklentilerini a\u00e7\u0131klarken, T\u00fcrk bankalar\u0131na y\u00f6nelik yat\u0131r\u0131m tavsiyelerini ve finansal varsay\u0131mlar\u0131n\u0131 de\u011fi\u015fti. Yay\u0131mlanan \u00a0raporda, T\u00fcrkiye’deki son makroekonomik geli\u015fmelerin dikkate al\u0131nd\u0131\u011f\u0131 belirtildi.<\/p>\n
ENFLASYON VE POL\u0130TA TAHM\u0130N\u0130<\/b><\/p>\n
Raporda, Goldman Sachs ekonomistlerinin iddialar\u0131 ile Bloomberg konsens\u00fcs kestirimleri kar\u015f\u0131la\u015ft\u0131r\u0131ld\u0131:<\/p>\n
Politika Faizi (2025 Sonu):<\/strong> Goldman Sachs y\u00fczde 31 \u00f6ng\u00f6r\u00fcrken, Bloomberg konsens\u00fcs y\u00fczde 29 olarak varsay\u0131m etti.<\/p>\n Ortalama Enflasyon (2025 Sonu):<\/strong> Goldman Sachs y\u00fczde 31 olarak beklerken, Bloomberg konsens\u00fcs y\u00fczde 32 olarak \u00f6ng\u00f6rd\u00fc.<\/p>\n Goldman Sachs, T\u00fcrk bankalar\u0131n\u0131n, faiz indirimleriyle bir arada 2025-2026 y\u0131llar\u0131nda k\u00e2rl\u0131l\u0131klar\u0131n\u0131 art\u0131raca\u011f\u0131n\u0131 ve dalda m\u00fcspet bir g\u00f6r\u00fcn\u00fcm sunaca\u011f\u0131n\u0131 aktard\u0131.\u00a0<\/p>\n FA\u0130Z \u0130ND\u0130R\u0130M\u0130 D\u0130KKAT \u00c7EK\u0130YOR<\/b><\/p>\n Goldman Sachs, T\u00fcrkiye’de faiz indirim devrinin ba\u015flamas\u0131n\u0131n, bankalar\u0131n 2025-2026 y\u0131llar\u0131nca net faiz marj\u0131nda (NIM) k\u0131ymetli bir d\u00fczg\u00fcnle\u015fme sa\u011flayaca\u011f\u0131n\u0131 kestirim ediyor.<\/p>\n Yay\u0131mlanan raporda, T\u00fcrk bankalar\u0131n\u0131n k\u0131sa vadeli faiz hareketlerine hassasl\u0131\u011f\u0131n\u0131n CEEMEA b\u00f6lgesindeki bankalardan farkl\u0131 oldu\u011fu ve 2024’de NIM daralmas\u0131n\u0131n, makro ihtiyati d\u00fczenlemelerle (zorunlu kar\u015f\u0131l\u0131klar ve b\u00fcy\u00fcme limitleri) daha da artt\u0131\u011f\u0131 belirtildi.<\/p>\n Goldman’\u0131n beklentileri:<\/strong><\/p>\n Yap\u0131 Kredi:<\/strong> Tavsiye N\u00f6tr’den Al d\u00fczeyine y\u00fckseltildi. Goldman Sachs, T\u00fcrk bankalar\u0131n\u0131n CEEMEA (Orta ve Do\u011fu Avrupa, Orta Do\u011fu ve Afrika) b\u00f6lgesindeki bankalara k\u0131yasla, 2025-2026 periyodunda en yeterli risk-\u00f6d\u00fcl istikrar\u0131n\u0131 sundu\u011funu a\u00e7\u0131klad\u0131.<\/p>\n Bu raporda, bilhassa Garanti BBVA, Akbank ve Yap\u0131 Kredi’nin, y\u00fcksek \u00f6zkaynak k\u00e2rl\u0131l\u0131\u011f\u0131 ve faiz indirimlerinden sa\u011flanacak yarar bak\u0131m\u0131ndan \u00f6n plana \u00e7\u0131kt\u0131\u011f\u0131 belirtildi.<\/p>\n \u00a0<\/p>\n","protected":false},"excerpt":{"rendered":" Goldman Sachs, 2025 y\u0131l\u0131 faiz ve enflasyon varsay\u0131m\u0131n\u0131 a\u00e7\u0131klarken, T\u00fcrk bankalar\u0131na y\u00f6nelik yat\u0131r\u0131m tavsiyelerini ve \u00f6ng\u00f6r\u00fclerini a\u00e7\u0131klad\u0131.<\/p>\n","protected":false},"author":1,"featured_media":11179,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[406,176,2555,1469,163],"class_list":["post-11178","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ekonomi","tag-406","tag-faiz","tag-goldman-sachs","tag-tahmin","tag-turk"],"_links":{"self":[{"href":"https:\/\/ikimisli.tr\/index.php\/wp-json\/wp\/v2\/posts\/11178","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ikimisli.tr\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ikimisli.tr\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ikimisli.tr\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ikimisli.tr\/index.php\/wp-json\/wp\/v2\/comments?post=11178"}],"version-history":[{"count":1,"href":"https:\/\/ikimisli.tr\/index.php\/wp-json\/wp\/v2\/posts\/11178\/revisions"}],"predecessor-version":[{"id":11180,"href":"https:\/\/ikimisli.tr\/index.php\/wp-json\/wp\/v2\/posts\/11178\/revisions\/11180"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ikimisli.tr\/index.php\/wp-json\/wp\/v2\/media\/11179"}],"wp:attachment":[{"href":"https:\/\/ikimisli.tr\/index.php\/wp-json\/wp\/v2\/media?parent=11178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ikimisli.tr\/index.php\/wp-json\/wp\/v2\/categories?post=11178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ikimisli.tr\/index.php\/wp-json\/wp\/v2\/tags?post=11178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Akbank:<\/strong> Al tavsiyesi yinelendi.
Garanti BBVA: <\/strong>Tavsiye N\u00f6tr d\u00fczeyinde tutuldu.
\u0130\u015f Bankas\u0131: <\/strong>Tavsiye Aldan N\u00f6tre d\u00fc\u015f\u00fcr\u00fcld\u00fc.
Vak\u0131fBank ve Halkbank: <\/strong>Sat tavsiyeleri korundu.<\/p>\n