International Journal of Economics and Management Research
Vol. 3 No. 1 (2024): April : International Journal of Economics and Management Research

Analysis of the Influence of Inflation, Fed Rate, and BI Rate on the IDX 30 Stock Price Index on the Indonesia Stock Exchange

Muhamad Raafi Al Hadi Mubarrok (Unknown)
Ririt Iriani (Unknown)



Article Info

Publish Date
02 Jun 2025

Abstract

The IDX30 stock index can fluctuate or change, and these changes occur due to several macroeconomic factors, including the Fed interest rate, BI interest rate, and inflation rate. The objective of this study is to understand the impact of changes in BI interest rates, Fed interest rates, and inflation on the IDX30 stock index. The data used in this study covers the period from 2022 to 2024. This study employs a multiple regression analysis model based on OLS as its methodology. The results of the multiple regression analysis indicate that the IDX30 stock index is significantly influenced, both partially and simultaneously, by inflation, the Fed rate, and the BI rate. The findings suggest that the economy is stable and not in a recessionary state, thereby encouraging investment in stocks for speculative trading. This, in turn, supports trading levels that allow investors to purchase stocks even when inflation increases.

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Journal Info

Abbrev

ijemr

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

International Journal of Economics and Management Research, an electronic international journal, provides a forum for publishing the original research articles, review articles from contributors, and the novel technology news related to management, accounting and economic. This journal encompasses ...