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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.

We are currently undertaking a strategic review of our education activities with a view to developing an educational programme that ensures we maximise our reach to include as many students, from all across the UK, on a range of different aspects of our work. We have decided to discontinue The Bank of England Target 2.0 Interest Rate Challenge for Schools while this is being conducted.
Target 2.0 Key Resources are still available below and we would welcome your feedback on how we can develop these resources to more effectively aid teaching of the curriculum.  Please contact the Education Programme team if you have any comments or queries. 

We will announce further details of our new education programme, including our schools competitions later in the year.  We would like to thank the schools and colleges that have taken part in Target 2.0 over the last 17 years.  It has been hugely enjoyable for us to run and we hope your students have found it a positive learning experience which has allowed them to develop their knowledge about monetary policy.  We look forward to continuing to work with you as we develop our future programme of activities.

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


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​