Target Two Point Zero

Target Two Point Zero was an interest rate challenge for students in the UK set by the Bank of England and The Times. Students aged 16 to 18 were asked to analyse the economic outlook and recommend what interest rate should be set. The students made a 15-minute presentation and were judged by Bank of England staff, through three rounds with an ultimate winner being selected in a national final. The Bank of England announced that 2017 was the last year of the competition.

The challenge Target Two Point Zero invited students aged 16 to 18 to take on the role of the Monetary Policy Committee to analyse current economic conditions in the UK and the outlook for inflation. Teams of four students created a formal presentation that was delivered to a panel of judges from the Bank of England. The presentations were concluded with a recommendation on exactly what interest rate the team would set in order to achieve the UK government's inflation target of 2.0% CPI.

Following the initial presentation, which lasted a maximum of 15 minutes, the judges had the opportunity to ask questions about what had been said. They might have asked the students to justify or clarify certain aspects of their interpretation of the economic conditions.

Structure of the competition The challenge had three identical rounds: regional heats, area finals and the national final. There was a sufficient time lapse between rounds to compel teams to change and update their presentation to take into account of new economic statistics, or the MPC’s own interest rate decisions.

Winners of the competition No.YearWinning schoolRunner(s) UpOther Finalists12001Harry Carlton Comprehensive School, LoughboroughThe Perse School, CambridgeWimbledon High School, WimbledonQueen Elizabeth's Grammar SchoolSt Patrick's Grammar SchoolTorquay Boys' Grammar School22002Blackpool Sixth Form CollegeThe Perse School, CambridgeWolverhampton Girls' High School, WolverhamptonEton College, WindsorHighgate School, LondonNottingham High School for Girls, Nottingham32003St Paul's School, BarnesEton College, WindsorThe Perse School, CambridgeChurston Ferrers Grammar School, BrixhamThe Beauchamp College, LeicesterThe Blackpool Sixth Form College, Blackpool42004Highgate School, LondonThe Grange School, NorthwichTorquay Boys' Grammar School & Torquay Grammar School for GirlsBrighton College John Leggott Sixth Form College, ScunthorpeThe Perse School, Cambridge52005Cranbrook SchoolThe Cheltenham Ladies’ College, Gloucestershire Highgate School, LondonRoyal Grammar School, Newcastle upon TyneWirral Grammar School for Boys, MerseysideVerulam School, St Albans62006Tonbridge SchoolHaberdashers’ Aske’s School for Boys, Elstree, HertfordshireNottingham High School for GirlsLeeds Grammar SchoolThe Blackpool Sixth Form CollegeWilson’s School, Wallington72007Leeds Grammar SchoolHaberdashers' Aske's School for Boys, Elstree, HertfordshireRoyal Grammar School, Newcastle-upon-TynePeter Symonds' College, WinchesterWilson's School, Wallington, SurreyBablake School, Coventry82008The Tiffin Girls' School, Kingston-upon-Thames, SurreyLoreto College, Coleraine, County LondonderryLeeds Grammar SchoolPeter Symonds College, WinchesterTonbridge School, KentWolverhampton Girls' High School92009Peter Symonds College, WinchesterNottingham High SchoolGeorge Watson’s College, EdinburghHaberdashers’ Aske’s Boys’ School, ElstreeIlford County High SchoolKing Edward VI Grammar School, Stratford-uponAvon102010Dulwich CollegeRoyal Grammar School, Newcastle upon TyneNorth London Collegiate School, EdgwareKing Edward's School, BirminghamThe Blue Coat School, LiverpoolPeter Symonds College, Winchester112011The Sixth Form College FarnboroughDame Allan's Schools, Newcastle Upon TyneHutchesons' Grammar School, GlasgowKing Edward's School, BirminghamStamford Endowed SchoolsMerchant Taylors' School, London122012 St Paul’s School, BarnesThe Grammar School at LeedsQueen Mary’s Grammar School, WalsallBrighton CollegeHaberdashers’ Aske’s Boys’ School, ElstreeMerchiston Castle School, Edinburgh132013 The Grammar School at LeedsSt Paul’s School, BarnesTonbridge SchoolKing Edward VI School, SouthamptonMillfield School, StreetRobert Gordon’s College, Aberdeen142014 Oundle SchoolBishop Wordsworth’s School, SalisburyIlford County High SchoolCentral Newcastle High SchoolThe Grammar School at LeedsWatford Grammar School for Girls152015 The Perse School, Cambridge Queen Elizabeth’s School, BarnetWolverhampton Girls’ High SchoolPate’s Grammar School, CheltenhamUniversity College School, HampsteadStewart’s Melville College, Edinburgh162016 Pate’s Grammar School, Cheltenham Loreto College, ColeraineSaffron Walden County High SchoolMagdalen College School, OxfordThe Tiffin Girls’ School, Kingston-upon-ThamesKesteven & Grantham Girls’ School

Target Two Point Zero

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