That does not mean that the Bank conducts monetary policy rigidly to achieve the 2 percent target inflation rate at any cost. While the target is pinpointed at 2 percent, it does not mean that any deviation from 2 percent is unacceptable. Rather, the inflation rate has to be maintained averagely and stably.
Indeed, many banks, in their internal economic calculations, already allocate a significant portion of their capital for operational risk - averaging 17 percent in the subset of large banks we sampled.