DAMPAK BI RATE, TINGKAT SUKU BUNGA, NILAI TUKAR, DAN INFLASI TERHADAP NILAI OBLIGASI PEMERINTAH
Jurusan Manajeman Fakultas Ekonomi Universitas Malikussaleh
Kampus Bukit Indah, Jl.Sumatera No.1-2 Blang Pulo, Lhokseumawe, Aceh, 23111.
Bank Tabungan Negara (Persero) Banda Aceh
Jl. Teuku Umar No.163-169, Banda Aceh, 23243.
Korespondensi dengan Penulis:
Ichsan: Telp: +62 645 40210; Fax:+62 645 40211
The purpose of this study was to examine the influence of BI rate, SBI interest rate, inflation and the exchange rate to value of government bonds in Indonesia Stock Exchange. Data used in this study were secondary data in BI rate, SBI interest rates, inflation and the exchange rate period January 2007 to October 2012. The methods of data analysis were multiple regression models and they were analyzed using IBM SPSS software version 20. The results showed that partially only the exchange rate that did not significantly influence the value of government bonds. This finding could be explained that the exchange rate had no effect related to central bank intervention (Bank Indonesia) to move the exchange rate at the time of depreciation or appreciation.
Key words: BI rate, bonds, exchange rate, inflation, SBI interest rates