Listen to a Business English Dialogue About Dear money
Julia: Hi Robert, have you heard about “dear money”?
Robert: Yes, Julia, it refers to a period when interest rates are high, making borrowing money expensive.
Julia: That’s right. During times of dear money, businesses and individuals may find it challenging to borrow funds for investments or purchases.
Robert: Exactly. It’s often used to describe a monetary policy stance aimed at controlling inflation by tightening the money supply.