We are encouraged by this progress, but we expect that getting inflation from 3% back to the 2% target is going to be more difficult. Our current projection has that happening only by the end of 2024.
1/5  BIS - Central bankers' speeches  In this context, I want to be clear: our job is not done until we restore price stability-in other words, until inflation is centred on our 2% target. Price stability is important because it is a key ingredient to a prosperous economy.