Action taken by the MPC saw Bank Rate reduced to an historic low, followed by the introduction of 'unconventional' monetary policy measures through the Asset Purchase Facility and quantitative easing. This November, over a thousand school and college students will take the opportunity to show just why the economy receives the attention it does as the regional heats of the tenth annual Bank of England and The Times Interest Rate Challenge commence. This is the challenge for students to decide what the UK's official interest rate should be and what, if any, other monetary policy measures should be undertaken to keep inflation on target.
Published on
06 November 2009
Press release