From The Free Forex Encyclopedia
Refers to the tone of language when describing an aggressive stance or viewpoint regarding a specific economic event or action. It’s often used when describing the economy or interest rates of a country.
For example, “The Bank of England suggests the existence of a threat of high inflation.” The Bank of England could be described as being hawkish if they made an official statement leaning towards the increasing of interest rates to reduce high inflation.
Central bankers are described as "hawkish" because they are in support of the raising of interest rates to fight inflation, even at the detriment of economic growth and employment.
The opposite of being hawkish is being Dovish (dove).