Analysis the Influence of Interest Rates on Inflation Rate Developments

Authors

  • Nurul Anisa IPB University
  • Zaqia Yuliana Pratiwi IPB University
  • Farhana Talida Kamila IPB University
  • Rayhan Ananta IPB University
  • Andrie Sheva Faturrahman IPB University
  • Dahri Tanjung IPB University
  • Disya Ayu Rivtryana IPB University

Keywords:

Implications, Inflation, Interest Rates, Macroeconomics

Abstract

Inflation is an increase in the overall prices of goods and services that occurs continuously. The aim of this research is to analyze the influence of interest rates on the development of the inflation rate. Interest rates are one of the monetary policy instruments used by central banks to control inflation. Inflation is an indicator that reflects economic health and influences various aspects such as purchasing power, monetary policy and economic stability. This research examines the effect of changes in interest rates as the main monetary policy instrument used to control inflation and its impact on economic growth. The method used in this research is simple linear regression to analyze the data. The research results show that the coefficient of determination (R2) is 0.169. This means that around 16.9% of the Inflation variable (Y) is influenced by the independent variable, namely Interest Rates (X). Researchers found that in determining monetary policy the central bank has two quick decision options to control the stability of the inflation rate, including, increasing interest rates when the inflation rate is high or reducing interest rates when the inflation rate is decreasing which results in sluggish economic activity.

 

 

References

Badan Pusat Statistik. 2024. Suku Bunga Kredit Rupiah Menurut Kelompok Bank, 2024. Jakarta Pusat: Badan Pusat Statistik

Hasyim, S. H., & Sahade. 2023. Makro Ekonomi. Tahta Media Group. Retrieved from: https://tahtamedia.co.id/index.php/issj/article/view/511/509

Hasyim, T., Wardah. 2023. PENGARUH INFLASI DAN SUKU BUNGA TERHADAP RETURN SAHAM (Studi Empiris Perusahaan Industri Dasar dan Kimia yang terdaftar di Bursa Efek Indonesia Periode 2017–2020). Doctoral dissertation, Universitas Mercu Buana Jakarta.

Indonesia, B. (n.d.). Indikator. Retrieved from https://www.bi.go.id/id/statistik/indikator/data-inflasi.aspx

Maysarah, N. R., Widyarto, L., Pb, C. E., Suhendra, I., & Anwar, C. J. (2023). Analisis Pengaruh Hubungan Inflasi Dan Nilai Tukar Rupiah Di Indonesia. Jurnal Ilmiah Wahana Pendidikan, 9(16), 623-629.

Ningsih, S., & Kristiyanti, L. M. S. (2019). Analisis pengaruh jumlah uang beredar, suku bunga dan nilai tukar terhadap inflasi di Indonesia periode 2014-2016. Jurnal Manajemen Dayasaing, 20(2), 96-103.

Nugroho, M. F., & Utomo, Y. P. (2022). Analisis Pengaruh Tingkat Suku Bunga, Pengeluaran Pemerintah, Konsumsi Masyarakat, Jumlah Uang Beredar, serta Nilai Tukar Terhadap Inflasi di Indonesia Tahun 1997-2020. Ekonomis: Journal of Economics and Business, 6(2), 822-825.

Prawoto, N. 2019. Pengantar Ekonomi Makro. Edisi Pertama. PT Rajagrafindo Persada, Depok.

Qomariyah, Isti. "Pengaruh tingkat inflasi dan pertumbuhan ekonomi terhadap tingkat pengangguran di jawa timur." Jurnal Pendidikan Ekonomi (JUPE) 1.3 (2013).

Rizani, A., Norrahman, R. A., Harsono, I., Yahya, A. S., & Syifa, D. M. (2023). Efek Inflasi terhadap Daya Beli Masyarakat pada Tinjauan Ekonomi Makro. Journal Of International Multidisciplinary Research, 1(2), 344-358.

Roziah, T. R., Septiani, R., Amapoli, E. v, & Muhamad, R. (2023). SYNERGY Jurnal Ilmiah Multidisiplin INFLASI DI INDONESIA: PERKEMBANGAN DAN PENGENDALIANNYA (Vol. 1, Issue 1). https://e-journal.naureendigition.com/index.php/sjim

Salim, A., Fadilla, F., & Purnamasari, A. (2021). Pengaruh Inflasi Terhadap Pertumbuhan Ekonomi Indonesia. Ekonomica Sharia: Jurnal Pemikiran dan Pengembangan Ekonomi Syariah, 7(1), 17-28.

Samudra, Y. P., & Widyawati, N. (2018). Pengaruh Inflasi, Suku Bunga, Dan Kurs Terhadap Nilai Perusahaan Nurul Widyawati. Jurnal Ilmu Dan Riset Manajemen, 7(8), 1–18.

Sekarsari, D., Zahra, F. A. A., Ayuningtyas, F. R., & Fadilla, A. (2024). Analisis Dinamika Inflasi dan Implikasinya terhadap Stabilitas Ekonomi di Indonesia. Journal of Macroeconomics and Social Development, 1(3), 1-9.

Senen, A. S., Kumaat, R. J., & Mandeij, D. (2020). Analisis pengaruh nilai tukar rupiah, suku bunga acuan bank Indonesia dan cadangan devisa terhadap inflasi di Indonesia periode 2008: Q1–2018: Q4. Jurnal Berkala Ilmiah Efisiensi, 20(01).

Suseno, dan Astiyah,S. (2009). Inflasi. Seri Kebanksentralan No.22. Pusat Pendidikan dan Studi Kebanksentralan Bank Indonesia.

Taufik, M., Halim, A., & Suryati, T. F. (2023, October). Pengaruh inflasi terhadap tingkat pengangguran di Kabupaten Mamuju. In FORUM EKONOMI: Jurnal Ekonomi, Manajemen dan Akuntansi (Vol. 25, No. 4, pp. 679-706).

Umam, M., & Isabela, I. (2018). Analisis pengaruh suku bunga dan nilai kurs terhadap tingkat inflasi di Indonesia. Kabillah (Journal of Social Community), 3(2), 202-209.

Utari, G. D., S Cristina, R., Pambudi, S. 2015. INFLASI DI INDONESIA: KARAKTERISTIK DAN PENGENDALIANNYA.

Yanti, Y. W. T. F., & Soebagyo, D. (2022). Analisis pengaruh jub, suku bunga, dan nilai tukar terhadap inflasi di Indonesia tahun 2005-2021. Jurnal Ekonomi Pembangunan STIE Muhammadiyah Palopo, 8(2), 249-264.

Downloads

Published

2024-06-03

How to Cite

Nurul Anisa, Zaqia Yuliana Pratiwi, Farhana Talida Kamila, Rayhan Ananta, Andrie Sheva Faturrahman, Dahri Tanjung, & Disya Ayu Rivtryana. (2024). Analysis the Influence of Interest Rates on Inflation Rate Developments. International Journal Business, Management and Innovation Review, 1(3), 13–22. Retrieved from https://ekonomi-univetbantara.id/index.php/ijbmir/article/view/25