At each of the 40 regional heats, the teams representing the schools and colleges participating in the 'Challenge' will take on the role of the Bank of England's Monetary Policy Committee and make a live presentation to a panel of Bank of England judges. This will involve each team assessing economic conditions and the outlook for inflation, and deciding what interest rate they would like to set to meet the Government's inflation target of 2.5%. The winning team from each of the regional heats will go forward to one of the area finals to be held in February 2002.
Published on
12 November 2001
Press release