BlackRock's Hegarty Says Inflation Sparked BOE Dissent

The video discusses the implications of recent central bank decisions, focusing on the Bank of England's vote on interest rates amid rising UK inflation. It highlights the hawkish stance of central banks like the Bank of Canada and the Federal Reserve, emphasizing a shift towards policy based on forecasts rather than current data. The discussion also covers the impact of these decisions on investments, particularly in inflation-linked bonds.

Discuss the significance of the communications from central banks this week.

What does the term 'hawkish' imply in the context of central bank communications?