SUMMARY
This study aims to determine the effect of interest rates and inflation on stock returns in manufacturing companies indexed LQ 45. In this study, samples were collected from manufacturing companies in the LQ 45 indexed consumer goods sub-sector for the period 2016-2020. In analyzing using multiple regression analysis with the use of hypothesis testing. The results of the partial test (t test) show that the interest rate does not have a significant effect on stock returns. Meanwhile, inflation has a significant effect on stock returns.