11 February 2010
Matthew Choi, Eric Gartz, Sam Newman and Jonathan Wong competed today in the South East and East of England area final of the Bank of England's 'Target 2.0' area final.
The team were required to give a seventeen-minute presentation on the current state of the economy and then field questions from three Bank of England judges (including a member of the Monetary Policy Committee). The team decided to hold interest rates at 0.5%, but raise quantitative easing to £225bn. Over 400 teams entered the competition and the team came 3rd in the South East of England final winning £350.
