Monetary Policy Challenge

Welcome to the Monetary Policy Challenge

The Monetary Policy Challenge (MPC) gives secondary school students an exciting opportunity to put themselves in the shoes of Reserve Bank economists and recommend what the Official Cash Rate could be.

Using the same information as the Reserve Bank, teams assess the economic conditions facing New Zealand and the outlook for inflation. Based upon their assessment of the economy, each team decides on an appropriate setting for the Official Cash Rate.

The Monetary Policy Challenge links to NCEA achievement standard: Economics 3.5 (AS 91403).

Read about how the competition works. For further information please contact us by email or phone (04) 471 3607.

View the MPC Facebook page for more information, tips and reminders about the competition.

Monetary Policy Challenge 2015
Video thumbnail - MPC 2015 presentation
Monetary Policy Challenge 2015
See what our National Finalists thought of the 2015 competition.


The Monetary Policy Challenge is based on a similar competition, called Target Two Point Zero, run by the Bank of England. The Reserve Bank of New Zealand would like to acknowledge the Bank of England for their help and support in creating the Monetary Policy Challenge competition.