MDS / HAWKISH / DOVISH
Hawkish / Dovish - central bank policy tone
What it measures
Hawkish emphasizes fighting inflation and tighter policy. Dovish emphasizes supporting the economy and easier policy. These describe a stance, not a separate statistic.
Why traders follow it
The difference from expectations matters. A rate hike can be accompanied by dovish guidance. Distinguish the decision, projections and press conference.
Check the country, period and source. A single value or regime label does not determine a trade's direction.