The Analysis of the Effect of Interest Rate, Inflation, and Gold Prices on the Deposit Amount at PT. Bank Mandiri

Abstract

The aims of the research are to analyze (1) the effect of interest rates on the amount of deposits at PT. Bank Mandiri KCP Ahmad Yani Medan period 2016-2019, (2) the effect of inflation on the amount of deposits at PT. Bank Mandiri on the branch office of Ahmad Yani in Medan period 2016-2019, (3) the effect of gold prices on the amount of deposits on the branch office of Ahmad Yani period 2016-2019. The type of research is Exploitation Research, namely research that aims to explain the actual condition and characteristics of a research object based on the information obtained and the research used the secondary data. The research result shows that the interest rate has no effect significantly on the amount of deposits on the branch office of Ahmad Yani. This is indicated by the insignificant probability value of the effect of interest rates on total deposits 0.3440 > 0.05. Inflation has no effect significantly on the amount of deposits on the branch office of Ahmad Yani. This is indicated by the insignificant probability value of the effect of inflation on the number of deposits 0.2650 > 0.05. Gold Price has a negative and significant effect on the amount of deposits of on the branch office of Ahmad Yani. This is indicated by the probability value of the effect of the gold price on the significant amount of deposits with a negative regression coefficient 0.0000 < 0.05 and a negative regression coefficient of-0.001407. The fall in the gold prices can increase the amount of public deposits on the branch office of Ahmad Yani. The amount of contribution given by the variable interest rate, inflation and gold price was 73,23% while the remaining 26,77% variance in the amount of public deposits was influenced by other factors apart from interest rates, inflation and gold prices.