hawkish

Definition

Relating to a policy position that favors higher interest rates to control inflation, even at the potential expense of short-term economic growth.

Etymology

Derived from the bird of prey, the hawk, which symbolizes aggression and vigilance. In political and economic contexts, it gained popularity in the 1960s to describe those advocating for firm or combative policies.

In the news

Deutsche Bank is described as part of the 'hawkish consensus' because they support raising interest rates to curb inflation. This is used to distinguish their stance from 'dovish' analysts who prioritize economic growth over rate hikes.

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

Manila Bulletin

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