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Salesian College economics students advise Bank of England on Interest Rates
On Tuesday 16th November, five Upper Sixth economics students Zachary Moore, Nosherwaan Mahmood, Peter Turner, Andrew Murphy and Alex Morrison-Crane took part in ‘Target 2.0’, a national competition to advise the Bank of
The ‘Target 2.0’ Competition looks to assess students’ analytical ability, their understanding of the A2 Economics Syllabus and their ability to present a reasoned argument of how interest rates should be set to achieve an inflationary target of 2%. Seven schools took part and the level of competition in the region was exceptionally high.
Judges praised Salesian’s presentation, stating that they “covered a lot of ground and gave a clear argument for the potential impact of a rise or a cut in the interest rate levels” as well as noting that the presentation was “professional and gave a clear illustration of how the group’s decision had been made.”
The Salesian Team should be very proud of their hard work and we look forward to participating in the 2011 challenge!
