ADOPTION OF DIGITAL ECONOMIC POLICY BY OBTAINING INTEREST RATE MEASURE TO SAFEGUARD INFLATION IN THE CIRCULAR ECONOMY
Keywords:
Inflation, Interest Rate, Digital Economy, Circular EconomyAbstract
This study portrays the adoption of digital economic policy by obtaining interest rate measure to safeguard inflation in the circular economy in sovereign country. The task facing financial sector policymakers is further complicated by the fact that these innovations are still evolving and morphing as new technologies come into play. These developments call for improvements in oversight monitoring frameworks and active engagement with stakeholders to identify possible risks and remedial regulatory action leading to a prudential circular economy. The COVID-19 pandemic is accelerating the shift toward a more contactless environment and increasingly digital financial services, which will further strengthen the appeal of circular economy systems to providers of financial services. Companies applying this strategy redesign their products and manufacturing processes to maximize recoverability of the materials involved for use in new products. Often involves partnering with companies that have specific technological expertise or that may be best able to use the materials recovered within circular economy dilemma based on adoption measure of FinTech or digital economy policy in UK perspective.
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