Pupils take interest in banking

Rossall School students Liam Ganose, Thao Ha, Thao Truong and Connor Jordan competing in the Interest Rate Challenge
Rossall School students Liam Ganose, Thao Ha, Thao Truong and Connor Jordan competing in the Interest Rate Challenge
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An economics challenge got these students interested in banking.

The four teenage sixth formers from Rossall School competed in the Interest Rate Challenge, a contest 
which gives 16-18-year-olds a chance to flex their fiscal muscle by acting as bank executives.

The Fleetwood students took on the role of the Bank of England’s Monetary Policy Committee to analyse and assess economic data and decide what impact they would have on the country’s economic outlook – just as the real Monetary Policy Committee does each month.

The pupils, who are all studying for A Level or International Baccalaureate qualifications in economics, then had to decide what monetary policy to adopt in order to achieve the Government’s inflation target of two per cent and present their findings to a panel of judges from the Bank of England.

The team competed against eight other schools in the regional heat, held at the Lancaster House Hotel in Lancaster.

Teacher David Wright said: “It’s a great honour to take part in the Interest Rate Challenge.

“It’s an extremely competitive event, featuring some of the best and brightest economics students in 
the country.

“The students have been preparing for their presentation since September, looking at costs and prices, financial markets and the international economic outlook.

“They gave a very impressive performance in front of the judges which demonstrates the level of skill and confidence they’ve developed in making economic 
assessments and recommendations.”