Skip to main content
  • This website sets cookies on your device. To find out more about how we use cookies please refer to our Privacy and Cookie Policy. By continuing to use the site, we’ll assume that you are content for us to set these on your device.
  • Close
Home > Education and Museum > Welcome to Target Two Point Zero - The Bank of England and The Times Interest Rate Challenge

Welcome to 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 took place from September 2015 to March 2016
  • Regional Heats took place throughout the UK between 16 and 27 November 2015
  • Area Finals took place in six locations in on 11, 23 & 24 February 2016
  • The National final took place at the Bank of England in London on 22 March 2016
  • This year's competition closed to entries on 15 June 2015
  • The competition will re-launch on Tuesday 24 May 2016 and details of how to enter together with an entry form will be available here


Six months of preparation and study paid off for Pate’s Grammar School, Cheltenham with their team winning the sixteenth national final of Target 2.0, held at the Bank's headquarters in Threadneedle Street, London. Ben Broadbent, Deputy Governor for Monetary Policy, presented them with the Challenge Trophy and a cheque for £5,000 for the school. Speaking at the presentation Ben Broadbent, who chaired the judging panel, said: "The quality of the presentations was first-rate and it was extremely difficult to choose the winning team. I was very impressed by the analysis, policy recommendations, and the innovative way in which they were presented. Congratulations to everyone involved!”

 Target 2.0 National Champions Pate's Grammar School

 2016 Interest Rate Challenge Winners - Pate's Grammar School, Cheltenham

Contact the 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 decision.



Target two point zero contact: +44 (0)20 7601 5366,, #Target2