monetary policy
noun[U]
ukusECONOMICS
actionstaken by agovernmenttocontroltheamountofmoneyin aneconomyand howeasilyavailableit is, forexamplebychangingtheinterestrate:
ease/relax/loosen monetary policyRelaxingmonetarypolicyleftroomforcurrencyspeculatorsto makebigprofits.
He said theFedwouldtightenmonetarypolicy.