{"id":48752,"date":"2017-08-01T15:46:45","date_gmt":"2017-08-01T11:46:45","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=48752","title":{"rendered":"M\u0259rk\u0259zi Bank u\u00e7ot d\u0259r\u0259c\u0259sini d\u0259yi\u015fm\u0259yib"},"content":{"rendered":"

Az\u0259rbaycan M\u0259rk\u0259zi Bank\u0131n\u0131n (AMB) \u0130dar\u0259 Hey\u0259ti 1 avqust 2017-ci il tarixind\u0259 uçot d\u0259r\u0259c\u0259sinin 15% s\u0259viyy\u0259sind\u0259 v\u0259 faiz d\u0259hlizinin dig\u0259r parametrl\u0259rinin (d\u0259hlizin a\u015fa\u011f\u0131 h\u0259ddi 10%, yuxar\u0131 h\u0259ddi 18%) d\u0259yi\u015fm\u0259z saxlan\u0131lmas\u0131 bar\u0259d\u0259 q\u0259rar q\u0259bul edib.<\/span>AMB-d\u0259n "APA-Economics"\u0259 veril\u0259n m\u0259lumata gör\u0259, makroiqtisadi sabitliyin d\u0259rinl\u0259\u015fdiyi bir \u015f\u0259raitd\u0259 iqtisadiyyat\u0131n apar\u0131c\u0131 sektorunda i\u015fgüzar aktivliyin b\u0259rpas\u0131 davam edir. Xarici balans\u0131n yax\u015f\u0131la\u015fmas\u0131 \u015f\u0259raitind\u0259 valyuta bazar\u0131n\u0131n tarazl\u0131\u011f\u0131 t\u0259min olunur v\u0259 manat\u0131n m\u0259z\u0259nn\u0259si sabitdir. Qeyd olunan meyll\u0259r fonunda fiskal v\u0259 maliyy\u0259 sektorunun likvidliyinin idar\u0259 edilm\u0259si m\u0259qs\u0259dil\u0259 M\u0259rk\u0259zi Bank öz balans\u0131n\u0131 bir q\u0259d\u0259r geni\u015fl\u0259ndirib v\u0259 iqtisadiyyata pul t\u0259klifini art\u0131r\u0131b. \u0130nflyasiya gözl\u0259ntil\u0259rinin nisb\u0259t\u0259n s\u0259ngim\u0259si davam ets\u0259 d\u0259 inflyasiya il\u0259 \u0259laq\u0259li, xüsusil\u0259 t\u0259klif v\u0259 struktur xarakterli riskl\u0259r tam aradan qalxmay\u0131b.<\/span>
\nFaiz d\u0259hlizinin parametrl\u0259rin\u0259 dair q\u0259rar q\u0259bul edil\u0259rk\u0259n b\u0259zi makroiqtisadi meyll\u0259r n\u0259z\u0259r\u0259 al\u0131n\u0131b. Bel\u0259 ki, real sektor v\u0259 iqtisadi aktivlik göst\u0259ricil\u0259rinin dinamikas\u0131 b\u0259rpa meyll\u0259rinin davam etdiyini nümayi\u015f etdirir. Dövl\u0259t t\u0259l\u0259bi v\u0259 xarici t\u0259l\u0259bin yüks\u0259lm\u0259si fonunda 2017-ci ilin 6 ay\u0131nda qeyri-neft sektorunda 1,7%-lik iqtisadi art\u0131m qeyd\u0259 al\u0131n\u0131b. \u0130qtisadi art\u0131m iqtisadiyyat\u0131n sah\u0259l\u0259ri üzr\u0259 f\u0259rql\u0259nir. \u0130qtisadi art\u0131m ticari sektorda 3,7%, o cüml\u0259d\u0259n qeyri-neft s\u0259nayesind\u0259 5,4%, k\u0259nd t\u0259s\u0259rrüfat\u0131nda 2,2% t\u0259\u015fkil edib. M\u0259rk\u0259zi Bank t\u0259r\u0259find\u0259n iyun ay\u0131nda apar\u0131lan real sektorun monitorinqinin n\u0259tic\u0259l\u0259rin\u0259 gör\u0259 emal s\u0259nayesind\u0259 istehsal indeksi v\u0259 ticar\u0259td\u0259 sat\u0131\u015f indeksi göst\u0259ricil\u0259ri yax\u015f\u0131la\u015f\u0131r, istehsal gücl\u0259rinin yükl\u0259nm\u0259 s\u0259viyy\u0259si yüks\u0259lir. Eyni zamanda ev t\u0259s\u0259rrüfatlar\u0131 aras\u0131nda keçiril\u0259n sor\u011fular istehlakç\u0131 inam\u0131n\u0131n son rübd\u0259 artd\u0131\u011f\u0131n\u0131 göst\u0259rir.<\/span>
\nBirinci yar\u0131millikd\u0259 neftin orta dünya qiym\u0259tinin proqnoz s\u0259viyy\u0259 v\u0259 öt\u0259n ilin eyni dövrü il\u0259 müqayis\u0259d\u0259 \u0259h\u0259miyy\u0259tli yüks\u0259lm\u0259si, qeyri-neft sektorunda ixrac\u0131n aktivl\u0259\u015fm\u0259si v\u0259 idxal\u0131n azalmas\u0131 trendl\u0259rinin t\u0259siri alt\u0131nda xarici sektor göst\u0259ricil\u0259rinin yax\u015f\u0131la\u015fmas\u0131 davam edir. Yanvar-iyun aylar\u0131nda öt\u0259n ilin eyni dövrü il\u0259 müqayis\u0259d\u0259 ixrac 36,5%, o cüml\u0259d\u0259n qeyri-neft ixrac\u0131 27,9% art\u0131b, idxal is\u0259 15,7% azal\u0131b. Xarici ticar\u0259t balans\u0131n\u0131n profisiti 1,9 mlrd. dollar\u0131 t\u0259\u015fkil edib, ölk\u0259nin strateji valyuta ehtiyatlar\u0131 art\u0131b.<\/span>
\nXarici sektor göst\u0259ricil\u0259rinin yax\u015f\u0131la\u015fmas\u0131 v\u0259 mövcud makroiqtisadi siyas\u0259t ç\u0259rçiv\u0259si valyuta bazar\u0131n\u0131n tarazl\u0131\u011f\u0131n\u0131 v\u0259 milli valyutan\u0131n m\u0259z\u0259nn\u0259sinin sabitliyini t\u0259min edir. Mövcud xarici v\u0259 daxili makroiqtisadi parametrl\u0259r ç\u0259rçiv\u0259sind\u0259 milli valyutan\u0131n xarici d\u0259y\u0259rinin sabitliyi dayan\u0131ql\u0131d\u0131r. Manat\u0131n sabitliyi dedollarizasiya meyli yarad\u0131r.<\/span>
\nMonetar \u015f\u0259rait ikinci rübd\u0259 nisb\u0259t\u0259n yum\u015falsa da ümumilikd\u0259 dövr \u0259rzind\u0259 neytral olub. \u0130qtisadiyyat\u0131n, o cüml\u0259d\u0259n fiskal sektorun pula olan t\u0259l\u0259bin\u0259 adekvat olaraq pul siyas\u0259tinin ba\u015fl\u0131ca \u0259m\u0259liyyat h\u0259d\u0259fini t\u0259\u015fkil ed\u0259n pul bazas\u0131 2017-ci ilin öt\u0259n dövründ\u0259 6%-d\u0259n çox art\u0131b. Bu öd\u0259ni\u015f sisteminin sabitliyini t\u0259min etm\u0259kl\u0259 b\u0259rab\u0259r iqtisadiyyat\u0131n kreditl\u0259\u015fdirilm\u0259si imkanlar\u0131n\u0131 geni\u015fl\u0259ndir\u0259n amildir. Lakin, ilin \u0259vv\u0259lind\u0259n bank sektorunun likvid aktivl\u0259rinin \u0259h\u0259miyy\u0259tli art\u0131m\u0131 fonunda real sektorun kreditl\u0259\u015fm\u0259si dinamikas\u0131 bu ekosistemd\u0259 \u0259lav\u0259 d\u0259st\u0259kl\u0259yici t\u0259dbirl\u0259r\u0259 ehtiyac\u0131n oldu\u011funu göst\u0259rir.<\/span>
\nM\u0259rk\u0259zi Bank\u0131n formala\u015fd\u0131rd\u0131\u011f\u0131 monetar \u015f\u0259rait iqtisadiyyatda y\u0131\u011f\u0131mlar\u0131n stimulla\u015fd\u0131r\u0131lmas\u0131 il\u0259 istehsal\u0131n balansl\u0131 art\u0131m\u0131n\u0131 tarazla\u015fd\u0131rmaqla mövcud inflyasiya riskl\u0259rinin m\u0259hdudla\u015fd\u0131r\u0131lmas\u0131na yön\u0259ldilib.<\/span>
\nDövl\u0259t Statistika Komit\u0259sinin m\u0259lumatlar\u0131na \u0259sas\u0259n cari ilin I yar\u0131s\u0131nda orta illik inflyasiya 13,9% t\u0259\u015fkil edib. Orta illik \u0259sasda \u0259rzaq qiym\u0259tl\u0259ri 18,1%, qeyri-\u0259rzaq qiym\u0259tl\u0259ri 12,4%, xidm\u0259tl\u0259r is\u0259 9,4% d\u0259yi\u015fib.<\/span>
\nAyl\u0131q inflyasiya s\u0259viyy\u0259sind\u0259 mövsümi azalmaya v\u0259 inflyasiya gözl\u0259ntil\u0259rinin nisb\u0259t\u0259n s\u0259ngim\u0259sin\u0259 baxmayaraq h\u0259l\u0259 ki, inflyasiya üz\u0259rind\u0259 q\u0131sa v\u0259 orta müdd\u0259tli risk amill\u0259ri tam neytralla\u015fmay\u0131b.<\/span>
\n2017-ci ilin qalan dövründ\u0259 baza inflyasiyan\u0131n (qiym\u0259tl\u0259ri dövl\u0259t t\u0259r\u0259find\u0259n t\u0259nziml\u0259n\u0259n m\u0259hsullar v\u0259 xidm\u0259tl\u0259rin, h\u0259mçinin mövsümi xarakter da\u015f\u0131yan m\u0259hsullar\u0131n qiym\u0259t v\u0259 tarifl\u0259rinin d\u0259yi\u015fimi n\u0259z\u0259r\u0259 al\u0131nmadan hesablanan inflyasiya) azalma tendensiyas\u0131na malik olaca\u011f\u0131 gözl\u0259nilir. Ümumi inflyasiya s\u0259viyy\u0259sinin is\u0259 manat\u0131n m\u0259z\u0259nn\u0259si, inersiya, m\u0259cmu daxili t\u0259l\u0259b, qiym\u0259tl\u0259ri dövl\u0259t t\u0259r\u0259find\u0259n t\u0259nziml\u0259n\u0259n mal v\u0259 xidm\u0259tl\u0259rin qiym\u0259tl\u0259rinin d\u0259yi\u015fimi, qlobal \u0259mt\u0259\u0259 bazarlar\u0131nda meyll\u0259r v\u0259 s. amill\u0259rd\u0259n as\u0131l\u0131 olaraq balansla\u015faca\u011f\u0131 gözl\u0259nilir.<\/span>
\nAMB-nin \u0130dar\u0259 Hey\u0259tind\u0259 faiz d\u0259hlizinin parametrl\u0259ri növb\u0259ti d\u0259f\u0259 sentyabr\u0131n 18-d\u0259 müzakir\u0259 edil\u0259c\u0259k.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Az\u0259rbaycan M\u0259rk\u0259zi Bank\u0131n\u0131n (AMB) \u0130dar\u0259 Hey\u0259ti 1 avqust 2017-ci il tarixind\u0259 uçot d\u0259r\u0259c\u0259sinin 15% s\u0259viyy\u0259sind\u0259 v\u0259 faiz d\u0259hlizinin dig\u0259r parametrl\u0259rinin (d\u0259hlizin a\u015fa\u011f\u0131 h\u0259ddi 10%, yuxar\u0131 h\u0259ddi 18%) d\u0259yi\u015fm\u0259z saxlan\u0131lmas\u0131 bar\u0259d\u0259…<\/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-48752","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\/48752","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=48752"}],"version-history":[{"count":0,"href":"https:\/\/ucnoqta.az\/index.php?rest_route=\/wp\/v2\/posts\/48752\/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=48752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ucnoqta.az\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48752"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ucnoqta.az\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}