1. An economic policy implemented by a central bank that aims to reduce the money supply and credit availability in the economy, typically to control inflation or cool down an overheating economy.
The Federal Reserve adopted a restrictive monetary policy by raising interest rates to combat persistent inflation.
O Banco Central adotou uma política monetária restritiva aumentando as taxas de juros para combater a inflação persistente.
2. A monetary approach characterized by tightening credit conditions, higher borrowing costs, and reduced liquidity in the financial system.
Under restrictive monetary policy, consumers and businesses face higher costs for loans and mortgages.
Sob uma política monetária restritiva, consumidores e empresas enfrentam custos mais altos para empréstimos e hipotecas.