tight monetary policy
noun[C]
ECONOMICS,GOVERNMENT,FINANCEukus(alsotight money policy)theactivityoflimitingtheamountofmoneythatpeopleandcompaniesareabletoborrowbyincreasinginterestrates:
Due inpartto theEuropeanCentralBank'stightmonetarypolicy, thebiggestEuropeaneconomieshavegrownonlysluggishlyinrecentyears.
After theratewasraisedfrom 15.5% lastmonth, thetightmonetarypolicycame underattackfrombusiness.