It will invite teams to decide what should be done about interest rates and then to put their case to members of the Monetary Policy Committee, which sets interest rates for the UK.
The Bank of England/Times Interest Rate Challenge will give 16 to 18 year olds the chance to take on the role of the MPC, to assess economic conditions and the outlook for inflation, and set an interest rate to achieve the inflation target of 2.5%.
Press release