ANALYSIS OF MACROECONOMIC INDICATORS TO DEPOSITS SAVINGS IN COMMERCIAL BANKS IN INDONESIA 2004-2022

Abstract

Deposits are the largest source of third party funds in banking, so it is necessary to pay attention to factors that can cause fluctuations in the size of deposits. This research aims to determine the influence of GDP, inflation, exchange rates and deposit interest rates on demand for 12-month term deposits at commercial banks in Indonesia. The analytical method used is multiple linear regression using annual time series data for 2004 - 2022 obtained from Bank Indonesia (Indonesian Financial Economic Statistics). The results of data analysis show that partially the gross domestic product variable shows a positive coefficient number and does not have a significant effect on demand for term deposits at commercial banks in Indonesia. The exchange rate variable (exchange rate) shows a positive coefficient number and has a significant effect on demand for term deposits at commercial banks in Indonesia. The inflation variable shows a negative coefficient and has a significant effect on demand for term deposits at commercial banks in Indonesia. The interest rate variable shows a negative coefficient and has no significant effect on the demand for time deposit savings at commercial banks in Indonesia during the period 2004 - 2022. Simultaneously, all independent variables have a significant effect on the demand for time deposit savings at commercial banks in Indonesia during the period. 2004 – 2022.