PENGARUH INFLASI, SUKU BUNGA, DAN NILAI TUKAR RUPIAH TERHADAP HARGA SAHAM PADA PERUSAHAAN PERBANKAN YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2022–2024

Abstrak

This research is motivated by fluctuations in banking stock prices influenced by macroeconomic conditions such as inflation, interest rates, and the exchange rate of the rupiah. These three variables are considered to affect investor perception and the financial performance of banking companies in the capital market. The purpose of this study is to examine the partial and simultaneous effects of inflation, interest rates, and the exchange rate on the stock prices of banking companies listed on the Indonesia Stock Exchange for the period 2022–2024. This study employs a quantitative approach with a causal associative research type. The analysis technique used is multiple linear regression, with secondary data obtained from the official websites of the Indonesia Stock Exchange (IDX) and Bank Indonesia. The population in this study consists of 47 banking companies, with 39 selected as samples using purposive sampling. The results show that, partially, inflation and the exchange rate do not significantly affect stock prices, while interest rates have a significant negative effect. Simultaneously, the three variables significantly influence stock prices. It is recommended that investors consider macroeconomic indicators when making investment decisions, while banking companies are expected to be more adaptive to economic changes.