Meaning of “tightening” in the English Dictionary

"tightening" in Business English

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tighteningnoun [ S or U ]

uk /ˈtaɪtənɪŋ/ us

ECONOMICS, BANKING, GOVERNMENT the activity of limiting the amount of money that people and companies are able to borrow or spend, for example by increasing interest rates:

credit/fiscal/monetary tightening There is pressure on the Bank of England to increase the pace of monetary tightening.
A tightening of US monetary policy has always produced a major slowdown in the economy.

also tightening up LAW, GOVERNMENT the action of making a rule, system, or law stronger and more difficult to ignore:

There has been a tightening of controls over domestic media and the internet.
The regulator is expected to announce a tightening up of the rules.

ECONOMICS, COMMERCE a situation in a market where there is less of something available than is wanted or needed:

The supply and demand pendulum for some metals has swung so far that further tightening of the market seems inevitable.

(Definition of “tightening” from the Cambridge Business English Dictionary © Cambridge University Press)