ANALISIS PENGARUH INFLASI, TINGKAT SUKU BUNGA, DAN NILAI TUKAR RUPIAH TERHADAP INDEKS HARGA SAHAM GABUNGAN DI BEI SELAMA PANDEMI

Abstract

The purpose of this study was to analyze the effect of inflation, interest rates and the rupiah exchange rate on the composite stock price index in the Indonesian stock exchange during the pandemic.  This type of descriptive quantitative research.  The research sample is the movement of the monthly composite stock price index during the pandemic.  Secondary data sources, data collection methods with documentation.  Methods of data analysis using multiple linear regression analysis using SPSS 14.0.  Based on hypothesis testing, it shows that simultaneously inflation, interest rates, and the rupiah exchange rate affect the composite stock price index during the pandemic and partially inflation has no effect on the composite stock price index on the IDX during the pandemic.  Interest rates have no effect on the composite stock price index on the IDX during the pandemic.  while the rupiah exchange rate has a negative effect on joint stock prices.  The index on the IDX during the pandemic and the results of the coefficient of determination test show that the three independent variables are able to provide information about the composite stock price index of 64.2%

Keywords: inflation, interest rates, rupiah exchange rate, and composite stock price index