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.
271 schools and colleges took part in last year's Challenge which ran from September 2015 to March 2016.
How to enter the competition
This year's competition launched on Tuesday 24 May and the closing date for entries is Monday 20 June 2016.
If demand for places is high we will have to limit the number of entries we accept, and a ballot will be held after the closing date. Where possible, places will be allocated to reflect the percentage of state and independent schools in each region. Schools will be notified of the outcome by the end of June.
More information on the Interest Rate Challenge
Contact the Target Two Point Zero Team:-
Tel: 020 7601 5366