PENGARUH JUMLAH UANG BEREDAR, SUKU BUNGA SERTIFIKAT BANK INDONESIA, DAN SINGAPORE INTERBANK OFFERED RATE TERHADAP TINGKAT SUKU BUNGA DEPOSITO BANK UMUM

Abstract

The banking sector is one of the main sectors in the economy of a country that serves as collector of funds from the public and to channel funds to the community in improving people's living standard. Time deposits is a place for customers to make an investment, given the interest rate is the highest in comparison with the current account or savings.
The purpose of this study was to prove whether in the short term and long term from JUB variable, interest rate SBI and SIBOR has an influence on the deposit interest rate of Bank Nagari. The data used in this research is time series data starting from 1990 to 2014. Data obtained from Bank Nagari, and Bank Indonesia. To see the relationships in the long term, we use cointegration test while in the short term, we are using the Error Correction Model approach.
The results showed that in the short term, there is only a variable interest rate of SBI which has a significant influence on the deposit interest rate of Bank Nagari. On the other hand, in the long run, also just SBI rate, which has a significant influence on the deposit interest rate of Bank Nagari. While the money supply and SIBOR has no influence on the deposit interest rate of Bank Nagari.
Keywords: Deposit Interest Rate, JUB, SBI Rate, SIBOR, Bank Nagari, Error Correction Model.