ECB's Lagarde Says 2% Inflation Target Is 'Not a Ceiling'

The ECB has adopted a new monetary policy strategy, aiming for a 2% inflation target over the medium term. This replaces the previous target of below, but close to 2%, removing ambiguity and clarifying that 2% is not a ceiling. The strategy also explicitly considers climate change and the carbon transition. The ECB believes this approach is clearer, simpler to communicate, and well-balanced.

What does the Governing Council convey about the 2% inflation target?

Why is the 2% inflation target considered clearer and simpler to communicate?