Given that the Bank is committed to achieving “2 percent,” it is better to provide a clear focus on the timing when 2 percent will be reached, rather than providing an expression of “around 2 percent.”  4  BIS central bankers’ speeches  achieving the price stability target of 2 percent; the document gave priority to strengthening external communication to ensure broad public confidence.
In 2008, policy actions were aimed at ensuring comfortable  system liquidity; augmenting forex reserves and maintaining a crisis management framework to support the economy through the global financial crisis.