Break-even inflation rates, defined as the yield differential between conventional nominal bonds and inflation-linked bonds, are slightly above 2% but this may reflect risk premia for the latter type of bonds due to liquidity constraints or technical factors.
The reality of the alternatives  Policy-makers sometimes speak about certain courses of action as being without alternatives – “alternativlos” as we say in German. Of course, this is not true. There always are alternatives. The question is whether they are superior, especially when assessing their likely impact and longer-term consequences.