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

Inflation, Interest Rates and the Economy: The Challenge for Schools and Colleges.
Published on 19 May 2008

This week marks the launch of the ninth 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 Bank Rate for the UK to meet the inflation target of 2.0%. The Challenge involves teams of four students assessing a wide range of economic data and issues in order to consider the outlook for the economy and inflation before deciding on the appropriate interest rate.

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