THE EFFECT OF CONSUMER CREDIT INTEREST RATES, EXCHANGE RATE AND SAVINGS ON CONSUMER CREDIT IN INDONESIA PERIOD 2022-2024

Abstract

This study aims to analyze the effect of exchange rates, consumer credit interest rates , and savings on consumer credit in Indonesia for the period 2022-2024 . Using a quantitative approach with descriptive and analytical methods and correlational design to test the relationship between independent variables and dependent variables. The data analyzed are secondary data taken from the monthly reports of Bank Indonesia and the Central Statistics Agency (BPS) for the period January 2022 to August 2024. The analysis process includes testing classical assumptions, such as normality, multicollinearity, heteroscedasticity, and autocorrelation tests, as well as multiple linear regression analysis using E-Views 13 software. The results of the study indicate that all independent variables, namely consumer credit interest rates, exchange rates, and savings, have a significant effect on consumer credit with partial (t) and simultaneous (F) test probabilities below 0.05. The resulting regression model has an Rsquared value of 0.9598, indicating that the independent variables are able to explain 95.98 % of the variation in consumer credit. Specifically, the increase in savings value and consumer credit interest rates made a positive contribution to consumer credit growth, and exchange rate fluctuations also had a significant impact on consumer credit.