Pengaruh Inflasi dan BI 7 - Day Repo Rate terhadap NAB Reksa Dana Syariah dengan Kurs sebagai Variabel Pemoderasi

Abstract

This research is to analyze the effect of inflation and BI 7 Day Repo Rate on the Net Asset Value of Islamic mutual funds, to determine the effect of macroeconomic variables on the Net Asset Value of Islamic mutual funds. The novelty of this research is to add the exchange rate as a moderating variable that is believed to be able to strengthen the effect of inflation and the BI 7 Day Repo Rate on the Net Asset Value of Islamic mutual funds. This study used quantitative methods, hypothesis testing using multiple linear regression analysis to test the direct effect of the independent variable with the dependent variable and moderated regression analysis to test the interaction of the exchange rate in strengthening or weakening the effect of the independent variable with the dependent variable. The results of the research found that inflation and BI 7 Day Repo Rate have a significant negative effect on the Net Asset Value of Islamic mutual funds. On the other hand, the exchange rate does not moderate the effect of inflation and BI 7 Day Repo Rate on the Net Asset Value of Islamic mutual funds.