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

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

Target Two Point Zero - The Bank of England and The Times Interest Rate Challenge gives teams of students aged 16-18 the chance to take on the role of the Bank of England's Monetary Policy Committee, assess economic conditions and the outlook for inflation and tell panels of judges what monetary policy they would set to achieve the Government's inflation target of 2.0%. 

  • The Challenge takes place from September 2013 to March 2014.
  • Regional Heats took place throughout the UK between 18 and 29 November 2013.
  • Area Finals took place in six locations in February 2014.
  • This year's competition closed to entries on 20 June 2013.
  •  Next year's competition will launch in May 2014.


Six months of preparation and study paid off for Oundle School with their team winning the fourteenth national final of Target 2.0, held today at the Bank's headquarters in Threadneedle Street, London. Spencer Dale, Chief Economist and Member of the Monetary Policy Committee (MPC), presented them with the Challenge Trophy and a cheque for £10,000 for the school. Speaking at the presentation Spencer Dale, who chaired the judging panel, said: "It has been a great day and we’ve seen a fantastic set of presentations – we had a difficult task ahead of us to pick the winner. It really is humbling to see students so committed to monetary policy.”

News Release - Interest Rate Challenge winner announced today
28 March 2014


Contact the Target Two Point Zero Team ;

Tel: 020 7601 5366

Key Resources

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​. ​
Quantitative Easing Resource (41KB)​
View page
The Grammar School at Leeds, 2012/13 National Champions (YouTube)
Webcast of the national final, March 2013​
Slides from presentation (3.60MB)​
​ lnformation Brochure (256KB)









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