Arbitrary of not, pulling a number from a Rabbit’s hat and believing what you are hoping will happen are 2 different things.
But alas, it is all but an illusion and while the intent is to return to the good old days of controlling inflation with a number such as 2 percent…
TOO LITTLE TOO LATE… ALL FANTASY & MAGIC INVOLVED !
IN REALITY, 2 percent inflation rate is not 2 percent after this recent period of GREEDFLATION…
IT IS MORE AS FOLLOWS – FOR EXAMPLE…
A 2 DOLLAR/POUND/EURO COFFEE PRE-PANDEMIC IS LET’S SAY FOR ARGUMENT’S SAKE…
NOW 4 DOLLARS/POUND/EURO
2 PERCENT INCREASE NOT !
PRICE OF ITEM HAS DOUBLED AND NOW 2 PERCENT ON TOP OF A DOUBLING IN PRICE MAKES IT MORE LIKE…
WELL YOU DO THE MATH…
BOTTOM LINE, ALL PRODUCTS, SERVICES, GOODS, REAL ESTATE, yadda yadda yadda…
HAS INFLATED TO SKYHIGH RATES…
WHERE 2 PERCENT INFLATION TARGETS WILL NOT MAKE MUCH OF A DIFFERENCE NOW…
WHY ???
GOOD QUESTION…
BECAUSE ONCE THE CAT IS OUT OF THE BOX…
HAVING BEEN TAINTED WITH THE LET’S SAY DOUBLING IN PRICE OF THINGS…
IT WILL BE EASY TO REPEAT THE NEXT TIME…
A PANDEMIC HAPPENS,
NATURAL CATASTROPHE MARCHES ON,
OR ALIENS FROM OUTER SPACE LAND
PICK YOUR MISERY
THE TRUTH IS OUT THERE !
Live~NRGY 
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