Sixth Form Economists, Ben Anstis, Harry Glenn, Oreayo
Israel-Bolarinwa, and Shiv Jhala finished in a very commendable 3rd place in
the regional finals of ‘Target Two Point Zero’ economics competition the Bank
of England and The Times Interest Rate Challenge.
The boys, along with five other school teams from the region, had
the chance to take on the role of the Bank of England’s Monetary Policy
Committee. They had to assess economic conditions and the outlook for
inflation and tell panels of judges what monetary policy they would set to
achieve the Government’s inflation target of 2.0%.
The boys demonstrated a sound understanding of the way the economy
works, as well as monetary policy, with their well-argued and convincing
presentation on how best to utilise quantitative easing and monetary policy to
achieve sustainable economic growth in the UK economy.
The competition attracted entries from 297 teams across the UK.