6/7  BIS - Central bankers' speeches  Of course, the accuracy of such estimates should not be overestimated. Nevertheless, the ECB's 2% target provides a safety margin to ensure that the threshold for increased attention is undershot. Which is just one of several good reasons why we should return to our target as soon as possible. Thank you very much.
1 Lane, P. R. (2023), Underlying Inflation, Lecture at Trinity College, Dublin, 6 March. 2 Lagarde, C., ECB Press Conference, 16 March 2023. 3 Nagel, J. (2022), The long shadow of high inflation, speech at the 32nd Frankfurt  European Banking Congress, 18 November.