Tightening
in sentence
448 examples of Tightening in a sentence
The US seems to be
tightening
its diplomatic encirclement of North Korea with a view to shifting the nuclear discussion to the UN Security Council.
And already-fragile emerging markets will continue to feel the pinch from protectionism and
tightening
monetary conditions in the US.
Sixth, Europe, too, will experience slower growth, owing to monetary-policy
tightening
and trade frictions.
But recipient economies are vulnerable to financial-market sentiment and sudden capital flight – as happened recently when investors anticipated monetary-policy
tightening
in the United States.
Meanwhile, the three Baltic countries – Estonia, Latvia, and Lithuania – carried out budget
tightening
of 9% of GDP in 2009.
For example, some inflation-targeting central banks have reacted to increases in prices of imported commodities by
tightening
monetary policy and thereby increasing the value of the currency.
But monetary
tightening
would weaken already-slow growth.
But a rising euro – pushed higher by excessively early monetary
tightening
by the ECB – implies more real appreciation, further undermining competitiveness.
This episode showed that the renminbi is under significant depreciation pressure, which is likely to intensify as the PBOC, amid weak GDP growth, loosens monetary policy (particularly as the US Federal Reserve is gradually
tightening
its monetary policy).
Since the start of 2018, the same emerging markets have been under intense pressure from a combination of factors, beginning with the US Federal Reserve’s
tightening
of monetary policy, which pulled capital back to the United States.
But, after 2011, stimulus turned to macroeconomic tightening, causing investment growth to plummet from a nominal rate of over 30% to about 10% recently.
And
tightening
financial constraints have weakened growth in the real-estate sector considerably.
Because of the lagged effects of monetary policy and the need to manage expectations, early
tightening
by the Fed would be appropriate.
Because Congress determines the Fed’s regulatory powers and approves the appointments of its seven governors, Bernanke will have to listen to it carefully – heightening the risk of delayed
tightening
and rising inflation.
If there is no movement on these fronts, there will likely be pressure in the US for
tightening
sanctions.
Add to that Japan’s fiscal
tightening
– and, especially, its consumption-tax hike – and it is no surprise that demand has remained repressed.
Rapid credit growth has therefore been matched in 2016 by
tightening
restrictions on capital flows, with more likely in 2017.
Even where incomes have risen, fiscal
tightening
and reduced social-welfare spending are impeding advancement for many.
How much trouble will ultimately depend on factors that are very hard to forecast, including markets’ responses to Fed
tightening
and political shocks (say, the scandal enveloping Petrobras in Brazil) that shake investors’ faith in local policies and markets.
This is a modern-day variant of the classic prescription to start
tightening
before inflation sets in too deeply, even if employment has not fully recovered.
But inflation remains high or rising, so more
tightening
is imposed.
The timing of the inevitable policy shift back to
tightening
depends on overall inflation, particularly house prices.
This is, of course, a formidable task that may have to be accomplished at a time when Congress opposes monetary
tightening.
By the same logic, stronger growth in 2014 and
tightening
labor markets should lead to healthier wage gains for the 70% of the workforce whose real wages have not yet returned to their pre-recession level.
Perhaps most important, it underscores Rouhani’s hope that the “peace dividend” from the nuclear agreement would be enough to boost lagging domestic demand and offset the impact of fiscal
tightening.
Emerging-market central-bank governors fear a US that alternates between expansionary policy that fuels huge hot-money inflows and a domestic inflationary spiral, and rapid
tightening
that chokes off credit and causes a domestic recession.
As monetary
tightening
reveals the vulnerabilities in the real economy, the collapse of asset-price bubbles will trigger another economic crisis – one that could be even more severe than the last, because we have built up a tolerance to our strongest macroeconomic medications.
Spain and other high-unemployment euro-zone countries might oppose this policy but face monetary
tightening
nonetheless, because the ECB deems the overall state of the euro zone to warrant higher interest rates.
In the case of Japan today, the exchange rate is being determined less by its own monetary expansion than by America’s move toward monetary tightening, following a period during which massive quantitative easing (QE) by the US Federal Reserve put upward pressure on the yen.
This year, the emerging economies are worried about a
tightening
of global monetary policy, not the policy loosening that three years ago fueled talk of “currency wars.”
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