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In the context of monetary policy, a “dove” is someone who advocates for looser monetary policy, typically in the form of lower interest rates and increased stimulus measures. Doves believe that these policies can help boost economic growth and employment, even if it means accepting higher inflation in the short term. The opposite of a dove is a “hawk”, who favors tighter monetary policy and prioritizes keeping inflation low, even if it means sacrificing some economic growth in the short term.

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