THE EFFECT OF GROSS DOMESTIC PRODUCT, INFLATION, INTEREST RATE, FOREIGN EXCHANGE AND MONEY SUPPLY ON JCI

Abstract

This study aims to obtain empirical evidence regarding gross domestic product, inflation, interest rates, foreign exchange, and money supply on the JCI. This research method uses quantitative methods from secondary data sources, namely data obtained indirectly from information sources but obtained through intermediary media. The population of this study is Bank Indonesia listed on the Indonesia Stock Exchange, with a sample of 60 data. In this analysis, the sampling technique used in this study was purposive sampling of the population, namely the technique of determining the sample based on certain criteria. The data processing method used in this study is the regression model with SPSS version 29. The findings show that (1) gross domestic product has a positive effect on the JCI (2) inflation has a positive effect on the JCI (3) interest rate has a positive effect on the JCI ( 4) foreign exchange has a positive effect on the JCI (5) money supply has a positive effect on the JCI