tight money policy

基本解释

The tight-money policy was also reducing the pressure on prices.
收缩银根的政策也减少了价格压力。
In the past, that rate would set the level of overnight interest rates in money markets and serve to measure how tight or loose the monetary-policy stance was.
在过去，这一基准利率通常会设定货币市场的隔夜利率水平，用来显示紧缩或宽松的货币政策立场。
Federal Reserve Chairman Paul Volcker, first appointed by Jimmy Carter, deserves enormous credit for bringing inflation down to 3.2% in 1983 from 13.5% in 1981 with a tight-money policy.
吉米卡特时期提名的美联储主席保罗。沃克尔堪称居功至伟，他以货币紧缩政策成功地把通货膨胀率由1981年的13.5%降低到1983年的3.2%。

Brazil, meanwhile, is struggling with an economic-policy cocktail that blends a strong currency, loose fiscal policy and tight money.
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But FDR worsened the financial collapse he inherited from Hoover by raising taxes, pursuing a tight money policy and failing to rescind the Smoot-Hawley trade tariffs.
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