A description of an economic policy or official that favors tighter monetary policy, higher interest rates, and stricter control over the money supply, usually to fight inflation. A hawkish stance prioritizes controlling inflation over encouraging economic growth or employment. The term comes from the idea of hawks as aggressive birds, contrasting with 'dovish' policies that are more accommodating.
A central bank official says that fighting inflation is the top priority and that interest rates should stay high for a long time, even if it slows job growth. This hawkish stance emphasizes controlling prices over supporting employment.
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