On Tuesday 29 November our Target 2.0 team competed in the regional heat of the Bank of England Target 2.0 competition. The team presented their monetary policy recommendations to a panel of economists from the Bank of England, followed by a question and answer session.
Our recommendation to increase the bank rate to 1%, as well as extend Quantitative Easing, was supported by macroeconomic research that the team had collected in their AOB this term; the judges commended our team for their drive to restore credibility to UK monetary policy. Though we did not advance to the area finals, our team performed magnificently. Well done to Ali Grime (Upper Sixth, Swift), Max Hine (Upper Sixth, Swift), Ryan Smith (upper Sixth, Vanbrugh), and Dickie Turner (Upper Sixth, Feilden) for their contributions.