{"id":43767,"date":"2025-12-25T02:00:00","date_gmt":"2025-12-24T23:00:00","guid":{"rendered":"https:\/\/rockvell.com\/?p=43767"},"modified":"2025-12-25T10:13:37","modified_gmt":"2025-12-25T07:13:37","slug":"2026-ci-ild%c9%99-pul-siyas%c9%99tinin-%c9%99m%c9%99liyyat-h%c9%99d%c9%99fl%c9%99ri-v%c9%99-al%c9%99tl%c9%99ri-aciqlanib","status":"publish","type":"post","link":"https:\/\/rockvell.com\/?p=43767","title":{"rendered":"2026-c\u0131 ild\u0259 pul siyas\u0259tinin \u0259m\u0259liyyat h\u0259d\u0259fl\u0259ri v\u0259 al\u0259tl\u0259ri a\u00e7\u0131qlan\u0131b"},"content":{"rendered":"\n

2026-c\u0131 ild\u0259 pul siyas\u0259tinin \u0259m\u0259liyyat h\u0259d\u0259fl\u0259ri v\u0259 al\u0259tl\u0259ri a\u00e7\u0131qlan\u0131b<\/strong><\/p>\n\n\n\n

2026-c\u0131 ild\u0259 d\u0259 qiym\u0259t sabitliyinin ba\u015fl\u0131ca l\u00f6vb\u0259ri olan manat\u0131n AB\u015e dollar\u0131na n\u0259z\u0259r\u0259n ikit\u0259r\u0259fli m\u0259z\u0259nn\u0259si banklararas\u0131 \u0259qdl\u0259r \u00fczr\u0259 orta m\u0259z\u0259nn\u0259 (h\u0259rraclar v\u0259 h\u0259rracdan k\u0259nar \u0259m\u0259liyyatlar n\u0259z\u0259r\u0259 al\u0131nmaqla) \u0259sas\u0131nda m\u00fc\u0259yy\u0259n edil\u0259c\u0259k.<\/p>\n\n\n\n

Bu bar\u0259d\u0259 Az\u0259rbaycan M\u0259rk\u0259zi Bank\u0131n\u0131n 2026-c\u0131 il \u00fc\u00e7\u00fcn pul siyas\u0259tinin \u0259sas istiqam\u0259tl\u0259ri bar\u0259d\u0259 b\u0259yanat\u0131nda deyilir.<\/p>\n\n\n\n

M\u0259rk\u0259zi Bankda Az\u0259rbaycan Respublikas\u0131 D\u00f6vl\u0259t Neft Fondunun (ARDNF) valyuta sat\u0131\u015flar\u0131 \u00fczr\u0259 h\u0259rraclar\u0131n ke\u00e7irilm\u0259si davam etdiril\u0259c\u0259k. M\u0259rk\u0259zi Bank v\u0259 fiskal orqanlar (ARDNF v\u0259 Maliyy\u0259 Nazirliyi) aras\u0131nda effektiv koordinasiya valyuta bazar\u0131n\u0131n tarazl\u0131 f\u0259aliyy\u0259tin\u0259 d\u0259st\u0259k ver\u0259c\u0259k.<\/p>\n\n\n

\n
\"\"<\/figure><\/div>\n\n\n

2026-c\u0131 ild\u0259 d\u0259 monetar \u015f\u0259raitin formala\u015fmas\u0131nda faiz d\u0259hlizi m\u00fch\u00fcm rol oynamaqda davam ed\u0259c\u0259k v\u0259 pul bazar\u0131nda q\u0131sam\u00fcdd\u0259tli faizl\u0259r pul siyas\u0259tinin yard\u0131m\u00e7\u0131 \u0259m\u0259liyyat h\u0259d\u0259fi olaraq istifad\u0259 edil\u0259c\u0259k. Banklararas\u0131 pul bazar\u0131ndak\u0131 faizl\u0259rin M\u0259rk\u0259zi Bank\u0131n faiz d\u0259hlizi daxilind\u0259 h\u0259r\u0259k\u0259t etm\u0259si \u00fc\u00e7\u00fcn M\u0259rk\u0259zi Bank arsenal\u0131ndak\u0131 b\u00fct\u00fcn al\u0259tl\u0259rd\u0259n adekvat v\u0259 \u00e7evik \u015f\u0259kild\u0259 istifad\u0259 ed\u0259c\u0259k. T\u0259minats\u0131z bazarda \u0259qdl\u0259r \u00fczr\u0259 orta \u00e7\u0259kili faiz g\u00f6st\u0259ricisi olan AZIR indeksinin k\u0259skin d\u0259yi\u015fk\u0259nliyin\u0259 yol verilm\u0259y\u0259c\u0259k v\u0259 onun M\u0259rk\u0259zi Bank\u0131n u\u00e7ot d\u0259r\u0259c\u0259sin\u0259 yax\u0131n s\u0259viyy\u0259d\u0259 h\u0259r\u0259k\u0259tin\u0259 x\u00fcsusi diqq\u0259t yetiril\u0259c\u0259k. Bu m\u0259qs\u0259dl\u0259 daimi imkan al\u0259tl\u0259ri v\u0259 a\u00e7\u0131q bazar \u0259m\u0259liyyatlar\u0131 f\u0259al \u015f\u0259kild\u0259 t\u0259tbiq edil\u0259c\u0259k.<\/p>\n\n\n\n

Daimi imkan al\u0259tl\u0259ri n\u00f6vb\u0259ti ild\u0259 d\u0259 banklararas\u0131 pul bazar\u0131nda faizl\u0259rin faiz d\u0259hlizi daxilind\u0259 formala\u015fmas\u0131n\u0131 t\u0259min ed\u0259c\u0259k. Daimi imkan al\u0259ti olaraq gec\u0259lik depozit v\u0259 gec\u0259lik \u0259ks-repo \u0259m\u0259liyyatlar\u0131ndan istifad\u0259 edil\u0259c\u0259k. Bu al\u0259tl\u0259r \u00fczr\u0259 faiz d\u0259r\u0259c\u0259l\u0259ri m\u00fcvafiq olaraq faiz d\u0259hlizinin a\u015fa\u011f\u0131 v\u0259 yuxar\u0131 h\u0259dl\u0259rin\u0259 b\u0259rab\u0259r olacaq.<\/p>\n\n\n\n

A\u00e7\u0131q bazar \u0259m\u0259liyyatlar\u0131 olaraq sterilizasiya m\u0259qs\u0259dli m\u00fcxt\u0259lif m\u00fcdd\u0259tli not, habel\u0259 7 g\u00fcnl\u00fck \u0259m\u0259liyyatlar \u00fczr\u0259 h\u0259rraclar ke\u00e7iril\u0259c\u0259k. Bu al\u0259tl\u0259r \u00fczr\u0259 faiz d\u0259r\u0259c\u0259l\u0259ri M\u0259rk\u0259zi Bank\u0131n \u0130dar\u0259 Hey\u0259tinin m\u00fc\u0259yy\u0259n etdiyi qaydada formala\u015facaq. \u018fvv\u0259lki ill\u0259rd\u0259 oldu\u011fu kimi n\u00f6vb\u0259ti ild\u0259 d\u0259 al\u0259tl\u0259rin t\u0259tbiq olunma qaydalar\u0131 maliyy\u0259 bazar\u0131 i\u015ftirak\u00e7\u0131lar\u0131na \u00f6nc\u0259d\u0259n a\u00e7\u0131qlanacaq. A\u00e7\u0131q bazar \u0259m\u0259liyyatlar\u0131n\u0131n istiqam\u0259ti (sterilizasiya v\u0259 ya emissiya) bank sisteminin likvidlik m\u00f6vqeyind\u0259n as\u0131l\u0131 olaraq m\u00fc\u0259yy\u0259nl\u0259\u015fdiril\u0259c\u0259k. A\u00e7\u0131q bazar \u0259m\u0259liyyatlar\u0131n\u0131n k\u0259miyy\u0259t parametrl\u0259rin\u0259 v\u0259 m\u00fcdd\u0259tl\u0259rin\u0259 dair q\u0259rarlar bank sisteminin likvidlik m\u00f6vqeyind\u0259n (izafi likvidlik v\u0259 likvidlik \u00e7at\u0131\u015fmamazl\u0131\u011f\u0131) as\u0131l\u0131 olaraq operativ \u015f\u0259kild\u0259 veril\u0259c\u0259k. Bu q\u0259rarlar \u0259m\u0259liyyatlar ke\u00e7irilm\u0259zd\u0259n \u00f6nc\u0259 m\u00fcvafiq bazar i\u015ftirak\u00e7\u0131lar\u0131na kommunikasiya edil\u0259c\u0259k.<\/p>\n\n\n\n

N\u00f6vb\u0259ti ild\u0259 d\u0259 bank sisteminin likvidlik m\u00f6vqeyinin m\u00fcnt\u0259z\u0259m monitorinqi v\u0259 proqnozla\u015fd\u0131r\u0131lmas\u0131 davam etdiril\u0259c\u0259k. Likvidliyin monitorinqi v\u0259 proqnozla\u015fd\u0131r\u0131lmas\u0131 sah\u0259sind\u0259 fiskal orqanlarla informasiya m\u00fcbadil\u0259sinin daha da g\u00fccl\u0259ndirilm\u0259si n\u0259z\u0259rd\u0259 tutulur.<\/p>\n\n\n\n

Pul siyas\u0259ti al\u0259tl\u0259rinin t\u0259kmill\u0259\u015fdirilm\u0259si v\u0259 pul bazar\u0131n\u0131n inki\u015faf\u0131 istiqam\u0259tind\u0259 t\u0259dbirl\u0259r 2026-c\u0131 ild\u0259 d\u0259 davam etdiril\u0259c\u0259k. Bu zaman beyn\u0259lxalq maliyy\u0259 t\u0259\u015fkilatlar\u0131 v\u0259 bank ictimaiyy\u0259ti il\u0259 m\u0259sl\u0259h\u0259tl\u0259\u015fm\u0259l\u0259r davam etdiril\u0259c\u0259k. Qeyd olunan istiqam\u0259td\u0259 islahatlar \u00f6lk\u0259d\u0259 maliyy\u0259 al\u0259tl\u0259rinin diversifikasiyas\u0131n\u0131, bazar likvidliyinin artmas\u0131n\u0131 v\u0259 \u00f6lk\u0259 iqtisadiyyat\u0131n\u0131n dayan\u0131ql\u0131 maliyy\u0259l\u0259\u015fm\u0259sini daha da g\u00fccl\u0259ndir\u0259c\u0259k.<\/p>\n","protected":false},"excerpt":{"rendered":"

2026-c\u0131 ild\u0259 pul siyas\u0259tinin \u0259m\u0259liyyat h\u0259d\u0259fl\u0259ri v\u0259 al\u0259tl\u0259ri a\u00e7\u0131qlan\u0131b 2026-c\u0131 ild\u0259 d\u0259 qiym\u0259t sabitliyinin ba\u015fl\u0131ca l\u00f6vb\u0259ri olan manat\u0131n AB\u015e dollar\u0131na n\u0259z\u0259r\u0259n ikit\u0259r\u0259fli m\u0259z\u0259nn\u0259si banklararas\u0131 \u0259qdl\u0259r \u00fczr\u0259 orta m\u0259z\u0259nn\u0259 (h\u0259rraclar v\u0259 h\u0259rracdan k\u0259nar \u0259m\u0259liyyatlar n\u0259z\u0259r\u0259 al\u0131nmaqla)…<\/p>\n","protected":false},"author":2,"featured_media":9084,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/rockvell.com\/index.php?rest_route=\/wp\/v2\/posts\/43767"}],"collection":[{"href":"https:\/\/rockvell.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rockvell.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rockvell.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/rockvell.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=43767"}],"version-history":[{"count":1,"href":"https:\/\/rockvell.com\/index.php?rest_route=\/wp\/v2\/posts\/43767\/revisions"}],"predecessor-version":[{"id":43768,"href":"https:\/\/rockvell.com\/index.php?rest_route=\/wp\/v2\/posts\/43767\/revisions\/43768"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rockvell.com\/index.php?rest_route=\/wp\/v2\/media\/9084"}],"wp:attachment":[{"href":"https:\/\/rockvell.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rockvell.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rockvell.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}