tight money
Loans hard obtained
Tight money describes conditions when credit is scarce and expensive—interest rates are high, loans are hard to get, and lenders are cautious.
Central banks create tight money by raising rates to slow inflation or cool an overheating economy: The Fed's tight money policy finally broke the back of inflation.
The opposite is easy money or loose money.
- credit crunchSevere reduction in lending
- credit squeezeRestricted access to loans
- credit freezeRestriction on credit inquiries
- Federal ReserveUS central banking system
- liquidity crisisInability to access funds
high interest rates · currency crisis · capital flight · inflation control · financial contagion · stagflation · purse strings · economic downturn · recession · fiscal stimulus · systemic risk · treasury securities · bond yields · mortgage rates · commercial loans · loan shark · debt restructuring · central bank
- economyGDP, inflation, inflation rate, GNP, market
- monetary policyinflation, central banking, deflation, central bank, interest rates
- money slangbucks, dough, moolah, cheddar, cash
- US bankingFDIC, Fed, national banks, bank runs, bank failures
- financial crisesfinancial collapse, bank run, economic collapse, bank failure, bank failures
- money systemsbank reserves, central bank, fiat currency, banknotes, M2
tight, money, tights, tighten, tightened, tightening, tighter, tightest, tightly