dovish

Definition

Relating to a monetary policy approach that favors keeping interest rates low to support economic growth rather than strictly prioritizing the control of inflation.

Etymology

Derived from the dove, a bird associated with peace. In political and economic contexts, it describes a person or policy that prefers peaceful or less aggressive measures compared to a 'hawk,' which favors more aggressive or restrictive actions.

In the news

In this article, 'dovish' describes the perspective of economists who expect central bank officials to stop raising interest rates or shift toward easing policy to prevent further harm to the weak economy.

Deutsche Bank sees BSP rate hike to 5% as necessary to tame inflation, protect incomes

Manila Bulletin

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