2% is an entirely made up number though. "The 2 percent target widely adopted by central banks today originated from New Zealand, and surprisingly it came not

2% is an entirely made up number though. "The 2 percent target widely adopted by central banks today originated from New Zealand, and surprisingly it came not from any academic study, but rather from an offhand comment during a television interview." https://www.cfr.org/blog/history-and-future-federal-reserves-2-percent-target-rate-inflation-0 https://www.cfr.org/blog/history-and-future-federal-reserves...