21. In August, Carpenter tightened the policy to require escorts of all visitors without permanent passes, except other government employees. 22. In response to the loan package, Zedillo adopted an economic austerity program that slashed government spending and tightened fiscal policy. 23. Industries may now lose some of the benefits of the devaluation if the government tightens monetary policy. 24. Its government made a big mistake in tightening fiscal policy. 25. It will give more clues as to whether the U.S. central bank is likely to tighten monetary policy this month. 26. Lusser said the SNB must tighten its policy as soon as the economy is definitely picking up again. 27. Most analysts expect the central bank to tighten policy at least two more times in coming months. 28. Nevertheless, this also is good news because slower growth means the Federal Reserve will be less inclined to further tighten monetary policy. 29. On the one hand it would be unwise to tighten policy now in the face of a possible recession, albeit a brief one. 30. Of the leading European nations, only Britain is far enough along the recovery path that it is close to tightening monetary policy. |