A term describing an economic stance or policy that prioritizes lower interest rates and economic growth over controlling inflation. When central bank officials or policymakers are described as dovish, they tend to favor easy money policies that stimulate the economy. The opposite approach is called hawkish.
A dovish Federal Reserve might lower interest rates from 5% to 4% to encourage borrowing and spending during an economic slowdown. This makes it cheaper for businesses to borrow money for expansion and for consumers to take out mortgages.
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