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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 Perse School, Cambridge, 2014/15 National Champions

Slides from the presentation by The Perse School, Cambridge 
The Target Two Point Zero website provides teachers and students with information to help them take part in the Interest Rate Challenge. Although it is aimed mainly at participants it can be used by anyone who is teaching or studying, or simply has an interest in economics and monetary policy.
288 schools and colleges took part in last year's Challenge which ran from
September 2014 to March 2015. To see the results of the 2014/15 Challenge go to Last Year's Challenge 
This year's competition launched on Tuesday 19 May and closed to entries on Monday 15 June 2015.  Demand for places is high and we will have to limit the number of entries we accept.  The schools that will be taking part in this year's competition will be selected by ballot 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 on the outcome by the end of June.
 Contact the Target Two Point Zero Team;
Tel: 020 7601 5366

Key Resources

  lnformation Brochure 2015/16 

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.  The manual is updated annually and this year's version will be available in early September 2015.

 ©2000-2015 Bank of England.