In particular, the former definition had probably a certain feel of asymmetry, and its ambiguous wording appeared more of a ceiling than a symmetric central target. The new 2% inflation target is genuinely symmetric, unambiguous, and easy to communicate. Symmetry means that the Governing Council considers both slower and faster inflation to be equally undesirable.
SPEECH Governor Lars Rohde’s speech at Danmarks Nationalbank conference marking the 40th anniversary of the Danish fixed exchange rate regime  CHECK AGAINST DELIVERY  *** Welcome *** Ladies and gentlemen. It’s a great pleasure for me to be here today. I am grateful for seeing so many familiar faces. Today we mark the 40-year anniversary of the current Danish monetary policy regime.