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Monetary policy - money supply.
Measures designed to reduce the money supply.
Usually with the intention of reducing excessive inflation.
- Ample tools to tighten
- "At present, if we overdo the stimulus somewhat and then find the economy recovers strongly, we have ample tools and time to tighten policy again before persistent excess demand and inflation become a problem."
- Michael Saunders, External Member of the Bank of England's Monetary Policy Committee (MPC), May 2020.