Today’s “Phrase of the Day” is “tighten one’s belt“ and its meaning is “cut one’s expenditures; cut costs, be more economical/frugal, count the pennies, husband one’s resources, cut corners, save money”.
Example Sentence: Over the past two years, the world has seen phenomenal monetary and fiscal intervention to forestall the economic effects of a COVID-19 recession. After continuous easy monetary and fiscal policy, central banks and governments worldwide are tightening their belts. The U.S. has promised several rate hikes over the next few quarters, setting the trend for the rest of the countries. The U.S. dollar acts as the reserve currency, which means that a hike in the U.S. interest rate will lead to the depreciation of most other currencies while the dollar swells in strength.
This phrase is present in The Hindu article Gear up for more headwinds and click here to read it.
Courtesy: The Hindu
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