Target Two Point Zero - Economics Challenge for Students
This week marks the launch of the fifth year of the Challenge, a competition designed to give economics and business studies students across the UK the opportunity to take on the role of the Bank's Monetary Policy Committee (MPC).
Published on
24 May 2004
The MPC meets each month to determine the official interest rate for the UK, in order to meet the Government's inflation target of 2.0%. The Challenge involves teams of 16 to 18-year-olds assessing a wide range of economic data and issues. The teams consider the outlook for the economy and inflation before deciding on the appropriate interest rate.
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