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).
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.
Thank you to all the schools that took part in the 2018 Monetary Policy Challenge
Auckland Grammar was the winner of the 2018 Challenge. See the results page for the full list of competition results.
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.