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This right here. If you don't think they will actually hit the 2% target it means inflation became unanchored.

It is mainly about credibility.

If they want 3% instead of 2%, they should hit the 2% target first, keep it there for a few years, then increase to 3%.

If it's within 1% of target that's not "unanchored".

3% is 50% more than 2%, so it's nowhere near being within 1% of the target. I'm not trying to be pedantic, but there is an enormous difference between 1% and 50%.

https://xkcd.com/985/

It was clear what I meant so yeah that's pedantry. Precision down to 1% of 2% of prices is impossible.

If the target was no change in prices, we wouldn't say inflation is infinity percent off target every month.

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