The phrase "tightening phase" refers to a period when rules or regulations become stricter or more restrictive. It usually indicates a shift towards implementing stricter measures or control over a particular situation or activity. Full definition
Emerging markets are in exemplary fiscal shape, unlike their position during past interest rate tightening phases. (mutualfundobserver.com)
That compares with more than 2 % in the US, and the gap may widen if the Federal Reserve Bank moves into its endlessly anticipated tightening phase. (gfmag.com)
«The chance of unexpected shocks to the economy during this tightening phase is high, as is the chance that balance - sheet shrinkage will have an unpredictable impact on asset prices.» (cnbc.com)