Pengaruh Suku Bunga dan Jumlah Uang Beredar (M1) Terhadap Inflasi di Sumatera Utara

Peran Bank Sentral Sebagai Otoritas Moneter

Authors

  • Ainur Oktania Universitas Negeri Medan
  • Jeane Alisya Universitas Negeri Medan
  • Noubel Putra Nainggolan Universitas Negeri Medan
  • Dwi Nabila Putri Universitas Negeri Medan
  • Frido Evindey Manihuruk

DOI:

https://doi.org/10.52421/jurnal-esensi.v4i1.441

Keywords:

Inflasi, Moneter, Jumlah Uang Beredar, Suku Bunga

Abstract

This study analyzes the effect of interest rates (BI rate) and money supply (M1) on inflation in North Sumatra Province by looking at the role of Bank Indonesia as the monetary authority. Quantitative methodology with multiple regression analysis is used in data processing in this study and uses annual data (2005-2020) obtained from the Central Bureau of Statistics of North Sumatra, Bank Indonesia and the Indonesian national website which is also a source of analysis. The results show a positive and significant impact of interest rates on inflation, while money supply (M1) has a positive but insignificant impact. With a coefficient of determination of 67.36%, most of the variation in inflation is explained by interest rates (BI rate) and money supply (M1). The results have important implications for economic policy formulation and effective decision making in maintaining price stability at the regional level by Bank Indonesia

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Published

2024-03-27

Issue

Vol. 4 No. 1 (2024): Journal Of Economics and Regional Science

Section

Articles

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Licensed under Creative Commons License a Creative Commons Attribution 4.0 International License