{"id":42135,"date":"2016-12-31T19:01:42","date_gmt":"2016-12-31T15:01:42","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-29T20:00:00","slug":"","status":"publish","type":"post","link":"https:\/\/ucnoqta.az\/?p=42135","title":{"rendered":"M\u0259rk\u0259zi Bank: G\u0259l\u0259n il m\u0259z\u0259nn\u0259nin k\u0259skin d\u0259yi\u015fk\u0259nliyin\u0259 yol verilm\u0259y\u0259c\u0259k<\/b><\/font>"},"content":{"rendered":"

 Az\u0259rbaycan M\u0259rk\u0259zi Bank\u0131 (AMB) 2017-ci ild\u0259 d\u0259 özünün likvidlik \u0259m\u0259liyyatlar\u0131n\u0131 pul t\u0259klifi üzr\u0259 raz\u0131la\u015fd\u0131r\u0131lm\u0131\u015f h\u0259d\u0259f ç\u0259rçiv\u0259sind\u0259 h\u0259yata keçir\u0259c\u0259k. "Report" x\u0259b\u0259r verir ki, bu bar\u0259d\u0259 Az\u0259rbaycan M\u0259rk\u0259zi Bank\u0131n\u0131n (AMB)aç\u0131qlad\u0131\u011f\u0131 2017-ci il üçün pul siyas\u0259tinin \u0259sas istiqam\u0259tl\u0259rind\u0259 \u0259ks olunub: "Monetar islahatlar v\u0259 üz\u0259n m\u0259z\u0259nn\u0259y\u0259 keçid \u015f\u0259raitind\u0259 pul bazas\u0131 monetar siyas\u0259tin lövb\u0259rini t\u0259\u015fkil ed\u0259c\u0259k".<\/p>\n

G\u0259l\u0259n il d\u0259 M\u0259rk\u0259zi Bank pul siyas\u0259tinin effektiv strateji ç\u0259rçiv\u0259si olan inflyasiyan\u0131n birba\u015fa h\u0259d\u0259fl\u0259nm\u0259si rejiminin t\u0259tbiqin\u0259 haz\u0131rl\u0131q istiqam\u0259tind\u0259 s\u0259yl\u0259rini davam etdir\u0259c\u0259k. Bunun üçün çevik m\u0259z\u0259nn\u0259 rejiminin t\u0259tbiqi davam etdiril\u0259c\u0259k, pul bazas\u0131n\u0131n pul siyas\u0259tinin etibarl\u0131 “b\u0259l\u0259dçisin\u0259” çevrilm\u0259si t\u0259min edil\u0259c\u0259k, analitik v\u0259 proqnozla\u015fd\u0131rma potensial\u0131 gücl\u0259ndiril\u0259c\u0259k, habel\u0259, kommunikasiya v\u0259 hesabatl\u0131\u011f\u0131 t\u0259kmill\u0259\u015fdiril\u0259c\u0259k. Eyni zamanda, maliyy\u0259 v\u0259 kapital bazar\u0131 inki\u015faf etdikc\u0259 faiz d\u0259r\u0259c\u0259l\u0259rinin pul siyas\u0259tinin yeni lövb\u0259rin\u0259 çevrilm\u0259si imkanlar\u0131na da bax\u0131lacaq. \u0130nflyasiyan\u0131n h\u0259d\u0259fl\u0259nm\u0259si rejimin\u0259 keçid \u015f\u0259rtl\u0259rinin realla\u015fd\u0131r\u0131lmas\u0131 il\u0259 yana\u015f\u0131 pul siyas\u0259ti dizayn\u0131nda ba\u015f ver\u0259n qlobal d\u0259yi\u015fiklikl\u0259r, m\u0259rk\u0259zi banklar\u0131n h\u0259d\u0259f perimetrinin v\u0259 al\u0259t arsenal\u0131n\u0131n geni\u015fl\u0259ndirilm\u0259si il\u0259 ba\u011fl\u0131 son meyill\u0259r daim izl\u0259n\u0259c\u0259k v\u0259 bundan as\u0131l\u0131 olaraq pul siyas\u0259tin\u0259 z\u0259ruri d\u0259yi\u015fiklikl\u0259r edil\u0259c\u0259k.
\nAMB Az\u0259rbaycan\u0131n milli iqtisadiyyat perspektivi üzr\u0259 Strateji Yol X\u0259rit\u0259sin\u0259 uy\u011fun olaraq 2017-ci ild\u0259 üz\u0259n m\u0259z\u0259nn\u0259 rejimin\u0259 tam keçid istiqam\u0259tind\u0259 t\u0259dbirl\u0259ri davam etdir\u0259c\u0259k. Üz\u0259n m\u0259z\u0259nn\u0259 rejimi iqtisadiyyat\u0131n m\u0259nfi xarici \u015foklardan etibarl\u0131 qorunmas\u0131n\u0131, t\u0259diy\u0259 balans\u0131n\u0131n v\u0259 iqtisadiyyat\u0131n çevik tarazla\u015fmas\u0131n\u0131 t\u0259min edir, habel\u0259, pul siyas\u0259tinin pul kütl\u0259si v\u0259 faiz d\u0259r\u0259c\u0259l\u0259rin\u0259 t\u0259sir imkanlar\u0131n\u0131 art\u0131r\u0131r. Eyni zamanda, çevik m\u0259z\u0259nn\u0259 rejimi daxili maliyy\u0259 bazar\u0131n\u0131n inki\u015faf\u0131n\u0131 t\u0259\u015fviq edir, bir s\u0131ra yeni maliyy\u0259 al\u0259tl\u0259rind\u0259n istifad\u0259ni d\u0259st\u0259kl\u0259yir. Bundan ba\u015fqa, yeni m\u0259z\u0259nn\u0259 rejimi valyuta ehtiyatlar\u0131n\u0131n qorunmas\u0131n\u0131 t\u0259min edir. 2017-ci ild\u0259 manat\u0131n m\u0259z\u0259nn\u0259sin\u0259 ba\u015fl\u0131ca olaraq valyuta bazar\u0131nda t\u0259l\u0259b amill\u0259ri v\u0259 onlar\u0131n idar\u0259 olunmas\u0131, o cüml\u0259d\u0259n idxal\u0131n \u0259v\u0259zl\u0259nm\u0259si prosesi t\u0259sir ed\u0259c\u0259k. Valyuta bazar\u0131nda t\u0259klifin h\u0259cmin\u0259 is\u0259 ixrac potensial\u0131n\u0131n realla\u015fd\u0131r\u0131lmas\u0131 t\u0259sir ed\u0259c\u0259k.
\n"Növb\u0259ti ild\u0259 AMB üz\u0259n m\u0259z\u0259nn\u0259 rejimin\u0259 uy\u011fun olaraq valyuta h\u0259rraclar\u0131 mexanizminin t\u0259kmill\u0259\u015fdirilm\u0259sini d\u0259 diqq\u0259t m\u0259rk\u0259zind\u0259 saxlayacaq. M\u0259rk\u0259zi Bank\u0131n valyuta bazar\u0131nda i\u015ftirak\u0131 yaln\u0131z m\u0259z\u0259nn\u0259nin k\u0259skin d\u0259yi\u015fk\u0259nliyini m\u0259hdudla\u015fd\u0131rmaq m\u0259qs\u0259dini da\u015f\u0131yacaq. Valyuta bazar\u0131n\u0131n inki\u015faf etdirilm\u0259si, o cüml\u0259d\u0259n, m\u0259z\u0259nn\u0259 riskl\u0259rinin t\u0259nziml\u0259nm\u0259si al\u0259tl\u0259rinin inki\u015faf\u0131n\u0131n t\u0259\u015fviqi 2017-ci ild\u0259 d\u0259 davam etdiril\u0259c\u0259k", – dey\u0259 s\u0259n\u0259dd\u0259 qeyd olunub.
\nAMB g\u0259l\u0259n il pul siyas\u0259ti al\u0259tl\u0259rind\u0259n qar\u015f\u0131ya qoyulmu\u015f monetar h\u0259d\u0259fl\u0259r ç\u0259rçiv\u0259sind\u0259 istifad\u0259 ed\u0259c\u0259k, bu al\u0259tl\u0259rin modernizasiyas\u0131 istiqam\u0259tind\u0259 t\u0259dbirl\u0259ri davam etdir\u0259c\u0259k, al\u0259tl\u0259rin t\u0259tbiqi prosesind\u0259 faiz d\u0259r\u0259c\u0259l\u0259rinin real s\u0259viyy\u0259si n\u0259z\u0259r\u0259 al\u0131nacaq. Ç\u0259rçiv\u0259 al\u0259tl\u0259ri, aç\u0131q bazar \u0259m\u0259liyyatlar\u0131 v\u0259 m\u0259cburi ehtiyat normalar\u0131 üzr\u0259 parametrl\u0259r makroiqtisadi göst\u0259ricil\u0259rin dinamikas\u0131, o cüml\u0259d\u0259n, inflyasiya riskl\u0259ri, maliyy\u0259 bazarlar\u0131nda ged\u0259n prosesl\u0259r v\u0259 bank sektorunun likvidlik mövqeyi n\u0259z\u0259r\u0259 al\u0131nmaqla t\u0259nziml\u0259n\u0259c\u0259k. Likvidlik al\u0259tl\u0259ri üzr\u0259 faiz d\u0259r\u0259c\u0259l\u0259ri “faiz d\u0259hlizi” ç\u0259rçiv\u0259sind\u0259 mü\u0259yy\u0259nl\u0259\u015fdiril\u0259r\u0259k çevik idar\u0259 olunacaq.
\nBununla yana\u015f\u0131, yeni ild\u0259 d\u0259 z\u0259ruri hallarda pul kütl\u0259sinin sterilizasiyas\u0131 \u0259m\u0259liyyatlar\u0131n\u0131n h\u0259cminin art\u0131r\u0131lmas\u0131 v\u0259 faiz d\u0259r\u0259c\u0259l\u0259rinin art\u0131r\u0131lmas\u0131 diqq\u0259td\u0259 saxlanacaq. Növb\u0259ti ild\u0259 v\u0259saitl\u0259rin q\u0131samüdd\u0259tli c\u0259lb olunmas\u0131 v\u0259 yerl\u0259\u015fdirilm\u0259si al\u0259tl\u0259rind\u0259n ibar\u0259t olan ç\u0259rçiv\u0259 al\u0259tl\u0259ri banklar\u0131n q\u0131samüdd\u0259tli likvidliyinin idar\u0259 olunmas\u0131na xidm\u0259t ed\u0259r\u0259k banklar\u0131n t\u0259\u015f\u0259bbüsü il\u0259 M\u0259rk\u0259zi Bank t\u0259r\u0259find\u0259n mü\u0259yy\u0259n olunmu\u015f faiz d\u0259r\u0259c\u0259l\u0259ri il\u0259 h\u0259yata keçiril\u0259c\u0259k. V\u0259saitl\u0259rin c\u0259lb olunmas\u0131 m\u0259qs\u0259dil\u0259 ç\u0259rçiv\u0259 \u0259m\u0259liyyatlar\u0131n\u0131n (1-7 günlük REPO) faiz d\u0259hlizinin a\u015fa\u011f\u0131 h\u0259ddi il\u0259 apar\u0131lmas\u0131 n\u0259z\u0259rd\u0259 tutulur. V\u0259saitl\u0259rin yerl\u0259\u015fdirilm\u0259si m\u0259qs\u0259dil\u0259 \u0259m\u0259liyyatlar is\u0259 (1-7 günlük \u0259ks-REPO) faiz d\u0259hlizinin yuxar\u0131 h\u0259ddi il\u0259 apar\u0131lacaq.
\nAç\u0131q bazar \u0259m\u0259liyyatlar\u0131 \u0259vv\u0259lki ill\u0259rd\u0259 oldu\u011fu kimi 2017-ci ild\u0259 d\u0259 AMB-nin t\u0259\u015f\u0259bbüsü il\u0259 h\u0259yata keçiril\u0259c\u0259k. Bu zaman v\u0259saitl\u0259rin c\u0259lb olunmas\u0131 üçün n\u0259z\u0259rd\u0259 tutulan aç\u0131q bazar \u0259m\u0259liyyatlar\u0131 faiz d\u0259hlizinin a\u015fa\u011f\u0131 h\u0259ddi il\u0259 uçot d\u0259r\u0259c\u0259si aras\u0131nda t\u0259r\u0259ddüd ed\u0259n faiz d\u0259r\u0259c\u0259l\u0259ri il\u0259 apar\u0131lacaq. Bel\u0259 \u0259m\u0259liyyatlara h\u0259rraclar vasit\u0259sil\u0259 depozitl\u0259rin c\u0259lb edilm\u0259si, habel\u0259 M\u0259rk\u0259zi Bank\u0131n q\u0131samüdd\u0259tli notlar\u0131n\u0131n emissiyas\u0131 aiddir. V\u0259saitl\u0259rin yerl\u0259\u015fdirilm\u0259si üçün n\u0259z\u0259rd\u0259 tutulan, y\u0259ni emissiya xarakterli aç\u0131q bazar \u0259m\u0259liyyatlar\u0131 is\u0259 uçot d\u0259r\u0259c\u0259si il\u0259 faiz d\u0259hlizinin yuxar\u0131 h\u0259ddi aras\u0131nda t\u0259r\u0259ddüd ed\u0259n faiz d\u0259r\u0259c\u0259l\u0259ri il\u0259 apar\u0131lacaq.
\nM\u0259cburi ehtiyat normalar\u0131 da AMB-nin istifad\u0259 etdiyi pul siyas\u0259ti al\u0259tl\u0259rind\u0259n biri olaraq qalacaq. M\u0259rk\u0259zi Bank 2017-ci ild\u0259 d\u0259 m\u0259cburi ehtiyat normalar\u0131n\u0131 ayl\u0131q ortalama rejimind\u0259 t\u0259tbiq ed\u0259c\u0259k ki, bu da banklar t\u0259r\u0259find\u0259n likvidliyin çevik idar\u0259 olunmas\u0131na imkan ver\u0259c\u0259k. Pul bazar\u0131ndak\u0131 v\u0259ziyy\u0259t\u0259 adekvat t\u0259sir göst\u0259rm\u0259k m\u0259qs\u0259dil\u0259 pul siyas\u0259ti al\u0259tl\u0259rinin effektiv t\u0259tbiqin\u0259, monetar \u0259m\u0259liyyatlar\u0131n optimal planla\u015fd\u0131r\u0131lmas\u0131na nail olmaq üçün M\u0259rk\u0259zi Bank 2017-ci ild\u0259 aidiyyat\u0131 iqtisadi qurumlar il\u0259 birlikd\u0259 likvidliyin monitorinqi v\u0259 proqnozla\u015fd\u0131r\u0131lmas\u0131 sisteminin formala\u015fmas\u0131 istiqam\u0259tind\u0259 müvafiq i\u015fl\u0259r gör\u0259c\u0259k. Pul siyas\u0259tinin \u0259m\u0259liyyat ç\u0259rçiv\u0259sinin t\u0259kmill\u0259\u015fdirilm\u0259si ç\u0259rçiv\u0259sind\u0259 banklararas\u0131 pul bazar\u0131n\u0131n f\u0259aliyy\u0259tinin gücl\u0259ndirilm\u0259si, buradak\u0131 faiz d\u0259r\u0259c\u0259l\u0259rinin faiz d\u0259hlizi mexanizmin\u0259 inteqrasiyas\u0131 istiqam\u0259tind\u0259 i\u015fl\u0259r 2017-ci ild\u0259 d\u0259 davam etdiril\u0259c\u0259k. Bu i\u015fl\u0259r pul siyas\u0259tinin iqtisadiyyata ötürücülük mexanizmind\u0259 faiz kanal\u0131n\u0131n gücl\u0259ndirilm\u0259sin\u0259 xidm\u0259t ed\u0259c\u0259k. <\/p>\n","protected":false},"excerpt":{"rendered":"

 Az\u0259rbaycan M\u0259rk\u0259zi Bank\u0131 (AMB) 2017-ci ild\u0259 d\u0259 özünün likvidlik \u0259m\u0259liyyatlar\u0131n\u0131 pul t\u0259klifi üzr\u0259 raz\u0131la\u015fd\u0131r\u0131lm\u0131\u015f h\u0259d\u0259f ç\u0259rçiv\u0259sind\u0259 h\u0259yata keçir\u0259c\u0259k. "Report" x\u0259b\u0259r verir ki, bu bar\u0259d\u0259 Az\u0259rbaycan M\u0259rk\u0259zi Bank\u0131n\u0131n (AMB)aç\u0131qlad\u0131\u011f\u0131 2017-ci il…<\/p>\n","protected":false},"author":1,"featured_media":251278,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[88],"tags":[],"class_list":["post-42135","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ekonomika"],"_links":{"self":[{"href":"https:\/\/ucnoqta.az\/index.php?rest_route=\/wp\/v2\/posts\/42135","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ucnoqta.az\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ucnoqta.az\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ucnoqta.az\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ucnoqta.az\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=42135"}],"version-history":[{"count":0,"href":"https:\/\/ucnoqta.az\/index.php?rest_route=\/wp\/v2\/posts\/42135\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ucnoqta.az\/index.php?rest_route=\/wp\/v2\/media\/251278"}],"wp:attachment":[{"href":"https:\/\/ucnoqta.az\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ucnoqta.az\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ucnoqta.az\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}