Inflation, Interest Rates, Exchange Rates Impact Stock Prices in Indonesia.
The study looked at how inflation, interest rates, and the exchange rate affect the stock market in Indonesia, with the country's GDP moderating these effects. Data from public companies on the Stock Exchange between July 2005 and December 2015 was analyzed. The results showed that inflation, interest rates, and the exchange rate all have a significant impact on the stock market. Additionally, the GDP moderates the effect of inflation on the stock market, but not the effect of interest rates or the exchange rate.