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Target Two Point Zero - Interest Rates, Inflation and the Economy

This week marks the launch of the eighth year of the Interest Rate Challenge, a competition designed to give 16 to 18-year old students across the UK the opportunity to take on the role of the Bank’s Monetary Policy Committee (MPC) and set the official interest rate for the UK to meet the inflation target of 2.0%.

Published on 21 May 2007

The Challenge involves teams of four students assessing a wide range of economic data and issues to consider the outlook for the economy and inflation before deciding on the appropriate interest rate.

Press release