1. A reduction in the money supply or a decrease in the availability of credit in an economy, typically implemented by central banks to control inflation
The Federal Reserve's monetary contraction led to higher interest rates and slower economic growth.
A contração monetária do Banco Central resultou em taxas de juros mais altas e crescimento econômico mais lento.
2. A period during which money becomes less available and credit becomes more difficult to obtain
During the monetary contraction, businesses struggled to secure financing for expansion.
Durante a contração monetária, as empresas tiveram dificuldade em obter financiamento para expansão.