As I have stated before, prices reflect the state of the economy and are not a variable that can be directly operated by a central bank.
Therefore, the policy conduct aiming at a specific inflation rate within a specific time frame seems unreasonable in the first place, and if a central bank persists in achieving such an aim, there may be a risk that its credibility will be undermined. Let me reiterate the significance of achieving the price stability target of 2 percent.