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Citi explains hawk and dove labels as ECB leadership looms

Original: Citi explains what ’hawk’ and ’dove’ really mean as ECB faces leadership change

Citi has published a breakdown of what the terms 'hawk' and 'dove' actually mean in central banking, timed to the European Central Bank's period of leadership change. The explainer clarifies how officials' policy stances differ, from favouring higher interest rates to curb inflation to prioritising growth, as markets assess who may steer ECB policy next.

Why now: Uncertainty over the ECB's future leadership is prompting investors to re-examine policymakers' hawkish or dovish leanings

CitiEuropean Central Bank

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