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Home > Education and Museum > Target Two Point Zero - The Bank of England Interest Rate Challenge

Target Two Point Zero - The Bank of England Interest Rate Challenge

Target Two Point Zero is a competition that gives teams of students aged 16 to 18 the chance to take on the role of the Bank of England's Monetary Policy Committee.  

Each team will assess economic conditions and the outlook for inflation and then set the interest rate to meet the Government's inflation target of 2.0%.  The teams will present their analysis and monetary policy decision to a panel of judges. The Challenge takes place from September 2016 to March 2017.

  • Regional Heats took place throughout the UK between 21 November and 2 December 2016.
  • Area Championships will take place in various locations on 28 February, 1 & 2 March 2017.
  • This year's competition closed to entries on 20 June 2016.
  • Next year's competition will launch in May 2017.


Contact the Target Two Point Zero Team:-
Tel: 020 7601 5366 

Subscribe to email alerts for the latest Target 2.0 news


Area Championship Participants, Events and Results Frequently Asked Questions Last Year's Challenge Information for Participants



Key Resources

Target Two Point Zero Resource Manual
The manual provides guidance on what the Challenge involves.  It explains how the economy and monetary policy work, and what factors determine and influence inflation and monetary policy decisions.

​What is quantitative easing?

Monetary Policy​



Speeches and articles



The Bank's Agencies​