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English definition of “dear-money policy”

dear-money policy

noun [C or U]
 
 
ECONOMICS, FINANCE a government policy that makes it expensive to borrow money, used as a way of reducing the amount of money being spent in a country: The finance minister said he could not accept the dear-money policy as it would have an adverse impact on overall growth.
(Definition of dear-money policy from the Cambridge Business English Dictionary © Cambridge University Press)
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