The term ‘dovish‘ indicates a tendency of macroeconomic policies to keep interest rates low with the aim of accelerating growth and economic development. 

Since it is an attitude aimed at promoting economic well-being and encouraging the purchase of goods and services, this definition is often associated with the image of the dove, symbolically the bearer of peace and of a docile disposition. 

The opposite are hawkish policies, i.e. harsher manoeuvres aimed at raising interest rates.

Macroeconomic policies are generally implemented by central banks (such as the ECB in Europe and the Fed in the US) or other monetary policy bodies. The primary objective of these entities is to regulate the level of employment, thereby maintaining economic stability and counteracting price fluctuations. 

The dovish manoeuvres, specifically, aim to increase economic stability in a period of severe economic recession by strengthening confidence in markets and businesses.

When interest rates fall, on the one hand consumers are more inclined to invest more money and apply for mortgages, leading to a general rise in the prices of securities and financial markets, on the other hand businesses have more incentives to expand their workforce and develop new projects.
The dovish policies may also require the injection of circulating money through unconventional monetary policy instruments such as quantitative easing.

Correlated words


'Hard' monetary policies aimed at raising interest rates to combat inflation.


Organisations that manage all information relating to top-level domains.


Stringa di caratteri associata in String of characters uniquely associated with a resource on the World Wide Web. univoca ad una risorsa sul World Wide Web.

IP address

Numeric strings that uniquely identify every resource to the network

Web 3.0

A term often associated with the idea of the 'Semantic Web' and data interoperability, it represents the next phase of the Internet.


Organisation that manages domain names on the Internet and assigns IP addresses.


Organisation that deals with the sale and registration of domain names.


Hierarchical server system that, on the Internet, associates each domain name with an IP address.


The domain extension placed at the end of a URL address,located at the highest point in the DNS hierarchy.

Financial Market

The financial market is a regulated space where financial securities can be bought and sold.


Cashback involves a partial reimbursement of funds spent in a transaction.


Third historical phase of the web, during which the economic and technological system of the internet changes thanks to the tools offered by blockchain.


The longest-lived cryptocurrency on the market and the first application of blockchain.

Wallet address

The string of characters that identifies a cryptocurrency wallet.


Cryptocurrencies pegged to the price of a stable asset such as a fiat currency or precious metal.


Managing one's wallet by knowing its private key

White Paper

Technical and informative document used by cryptocurrency projects to present their technological proposal.


Software that allows you to send, receive and store your cryptocurrencies.

Virtual Currency

Term used in legislation to define cryptocurrencies.

Fiat Currency

Legal tender, i.e. the official currency adopted by a government.


Digital unit of value based on a third-party protocol.

Satoshi Nakamoto

The pseudonym of the creator or group of Bitcoin developers. Their true identity is unknown and they no longer have an online presence.


Open-source software is public and available for anyone to reuse.


Identity verification procedure required by European regulations for exchanges.

Hard Fork

A division of the blockchain due to the incompatibility of the new version of the protocol with the previous one.

Hot Wallet

A cryptocurrency wallet connected to the internet.


The halving of the reward given to miners for producing Bitcoin blockchain blocks.


A sector that combines finance and technology, where companies develop technologically innovative financial services.


The branch of computer science that studies secure communication methods.


Virtual currency based on cryptography and blockchain.


A cryptocurrency that is natively based on its blockchain

Public Key

Cryptographic code that identifies a wallet on the blockchain.

Private Key

Cryptographic code that gives access to a wallet.


Tools that simplify the development of apps and web services.


Cryptocurrencies that followed Bitcoin as alternative solutions.


Anti-money laundering regulations prevent illegal activities on centralised exchanges.


The procedure applied to solve a problem.


Services facilitating the purchase and sale of digital assets based on daily market prices.

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