BIS central bankers’ speeches  7  My understanding is that the price stability target is not to be aimed at with surgical precision, but rather that it represents a flexible policy framework in which some margins – both upside and downside – should be accommodated.
Based on this understanding, I see some latitude with regard to the achievement of the 2 percent price stability target. On that point, what the price stability target aims to achieve after all is not simply a rise in prices.