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. The Challenge takes place from September 2016 to March 2017.
- Regional Heats took place throughout the UK between 21 November and 2 December 2016.
- Area Championships took place in various locations on 28 February, 1 & 2 March 2017.
- This year's competition closed to entries on 20 June 2016.
The Bank regularly reviews its educational programme to ensure that we maximise our reach to include as many students, from all across the UK, on a range of the different aspects of our work. As part of a recent strategic review of our education strategy we have decided to discontinue The Bank of England Target 2.0 Interest Rate Challenge for Schools, to enable us to consider a wider offer within our education strategy.
An example of this is the new video competition
aimed at younger students (11 to 16 years) launched in 2016 to create a chance for those with perhaps more creative skills to contribute and become involved in what we do.
We would like to thank the schools and colleges that have taken part in the Challenge 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.
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.