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Home > News and Publications > News Release - Target Two Point Zero results for 25 November 2015
 

News Release - Target Two Point Zero results for 25 November 2015

25 November 2015

Available as: PDF

The sixteenth annual Target Two Point Zero – Bank of England and The Times Interest Rate Challenge is now underway, with 297 teams across the United Kingdom competing for the Challenge Trophy and £5,000 for their school or college.

During the 42 regional heats, teams of four students, aged 16 to 18, will analyse UK and global economic data and their possible impact on inflation and the economic outlook for the UK - just as the Bank of England Monetary Policy Committee does each month. The team must then decide if current monetary policy is appropriate or needs to be adjusted, to meet the 2.0 per cent inflation target set by the Government.  In a presentation to a panel of Bank of England judges the team explains their decision then justifies it through their answers to questions from the panel.  The winning team from each regional heat goes on to one of the six area finals to be held in March 2016, with the national final to be held in March at the Bank of England in London.

Birmingham | Cardiff | London | Luton | Tiverton | Warrington

Regional heats results for Birmingham

The team from Kenilworth School & Sixth Form, won the regional heat held at the Aston Business School Conference centre on 25 November 2015.  They recommended an interest rate of 0.5% compared with the Bank of England’s official rate of 0.5% set by the Monetary Policy Committee on 5 November 2015. They also recommended a total of £375bn of asset purchases under the Asset Purchase Facility, compared with the £375bn agreed by the MPC on 5 November 2015.

The team from Bishop Vesey’s Grammar School, Sutton Coldfield were runners up.  The other schools in the heat were:  Bishop Walsh Catholic School, Sutton Coldfield, Blessed William Howard High School, Stafford, Haybridge High School, Stourbridge and President Kennedy School, Coventry.

The chair of the judging panel, Graeme Chaplin, said “Great to see such enthusiastic and engaging presentations”.

Regional heats results for Cardiff

The team from The Cathedral School, Llandaff won the regional heat held at the New House Country Hotel on 25 November 2015.  They recommended an interest rate of 0.5% compared with the Bank of England’s official rate of 0.5% set by the Monetary Policy Committee on 5 November 2015. They also recommended a total of £375bn of asset purchases under the Asset Purchase Facility, compared with the £375bn agreed by the MPC on 5 November 2015.

The team from Ysgol Gyfun Gwynllyw, Pontypool were runners up.  The other schools in the heat were:  Haberdashers’ Monmouth School for Girls, St Joseph RC High School, Newport, Stanwell School, Penarth and Ysgol Gyfun Cwm Rhymni, Blackwood.

The chair of the judging panel, Steve Hicks, said “The judges were impressed with the good range and use of information that underpinned the school’s policy recommendations”.

Regional heats results for London

The team from The Tiffin Girls’ School, Kingston-upon-Thames won the regional heat held at the Prudential Regulation Authority on 25 November 2015.  They recommended an interest rate of 0.5% compared with the Bank of England’s official rate of 0.5% set by the Monetary Policy Committee on 5 November 2015. They also recommended a total of £375bn of asset purchases under the Asset Purchase Facility, compared with the £375bn agreed by the MPC on 5 November 2015.

The team from Kingsbury High School, were runners up.  The other schools in the heat were:  Ashmole Academy, Southgate, Sutton Grammar School, The King Alfred School, Barnet and Tiffin School, Kingston-upon-Thames.

The chair of the judging panel, Simon Price, said “Once again the judges were impressed by all the presenting teams’ breath of knowledge.  But the winning team was able to not only bring to bear all the relevant information for the decision but also demonstrated a deep and genuine understanding”.

Regional heats results for Luton

The team from Saffron Walden County High School, won the regional heat held at the Putteridge Bury Conference Centre on 25 November 2015.  They recommended an interest rate of 0.5% compared with the Bank of England’s official rate of 0.5% set by the Monetary Policy Committee on 5 November 2015. They also recommended a total of £375bn of asset purchases under the Asset Purchase Facility, compared with the £375bn agreed by the MPC on 5 November 2015.

The team from Redborne Upper School and Community College, Bedford were runners up.  The other schools in the heat were:  Bedford School, Haileybury, Hertford, Roundwood Park School, Harpenden, Sir John Lawes School, Harpenden and St Clement Danes School, Chorleywood.

The chair of the judging panel, Tim Pike, said “We were greatly impressed by the amount of effort that went into today’s presentations and confident delivery  by all the teams”.

Regional heats results for Tiverton

The team from Torquay Girls’ Grammar School won the regional heat held at the Best Western Tiverton Hotel on 25 November 2015.  They recommended an interest rate of 0.5% compared with the Bank of England’s official rate of 0.5% set by the Monetary Policy Committee on 5 November 2015. They also recommended a total of £375bn of asset purchases under the Asset Purchase Facility, compared with the £375bn agreed by the MPC on 5 November 2015.

The team from Torquay Boys’ Grammar School were runners up.  The other schools in the heat were:  Exeter College, Exeter School, King’s College, Taunton and South Dartmoor Community College, Newton Abbott.

The chair of the judging panel, Stephen Collins, said “The judges were entertained as well as impressed by the quality of the presentations and some of the more novel suggestions put forward”.

 

Regional heats results for Warrington

The team from Lancaster Royal Grammar School, won the regional heat held at The Centre at Birchwood Park on 25 November 2015.  They recommended an interest rate of 0.5% compared with the Bank of England’s official rate of 0.5% set by the Monetary Policy Committee on 5 November 2015. They also recommended an additional asset purchase of £20bn, a total of £395bn under the Asset Purchase Facility, compared with the £375bn agreed by the MPC on 5 November 2015.

The team from St Mary’s College, Blackburn were runners up.  The other schools in the heat were:  Cardinal Newman College, Preston, Great Sankey High School, Warrington, Holy Cross Sixth Form College, Bury, Kirkham Grammar School, Preston and Rossall School, Fleetwood.

The chair of the judging panel, John Young, said “All the teams showed a real understanding of economics and monetary policy and were particularly well informed on what is happening in the UK and world economies”.


If you would like to take a photograph of the team(s) from your area or would like to interview team members, please call the Bank of England Press Office on 020 7601 4411 for contact details.

 

For further Challenge information see Target Two Point Zero.

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