Dove
a.k.a. Dovish
A central banker who favours low interest rates to support growth and jobs, even at the risk of higher…
In plain English
A central banker who favours low interest rates to support growth and jobs, even at the risk of higher inflation.
A dove worries more about unemployment and weak growth than about inflation, so leans toward cutting rates or keeping them low. 'Dovish' language from a central bank tends to weaken its currency.
Its opposite is a hawk. Markets parse every speech for small shifts in tone.
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