Target Two Point Zero - Inflation, Monetary Policy and the Economy: the Challenge for Schools and Colleges

This week marks the launch of the tenth Interest Rate Challenge, the 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 monetary policy for the UK to meet the inflation target of 2.0%. The Challenge involvesteams 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 monetary policy.

Press release