You could then reduce your intervention rates!” But such advice would backfire: by opting for 3% we would not only lose the confidence of households but also push all rates up, not down, with those rates incorporating the increase of 1% in expectations of future inflation.
And that would be totally counterproductive… Others make a more admissible remark and say: “Your definition of price stability is in line with a good anchoring of inflation expectations. This is good for growth. But are you not doing too much?