Endowed Schools Third in Target 2.0 Area Final
The Stamford Endowed Schools’ team of young economists placed third in the area round of the national Target 2.0 competition, held at Whirlowbrook Hall, Sheffield.
This result places the Schools in the top 18 out of the 280 that entered the twelfth annual ‘Target 2.0 Bank of England and The Times Interest Rate Challenge.’
During the challenge, the teams have the chance to take on the role of the Bank of England’s Monetary Policy Committee and assess economic conditions and the outlook for inflation. They had to explain and justify to the panel of Bank of England judges what monetary policy they would set to achieve the Government’s inflation target of 2.0%.
After winning their regional heat in November, the Endowed Schools team, made up of Sixth Formers Matthew Pennill, Johannes Kangur, Oliver Horton and Nikola Djacic, with the help of Vlad Maystr and Tiffany Tse, joined 42 other regional winning teams in the six area finals.
They faced strong competition in the ‘North East England, Yorkshire & The Humber and East Midlands’ area final, which was ultimately won by The Grammar School at Leeds, with Bradford Grammar School as runners up and the Stamford Endowed Schools in third place, wining a prize of £350. The judges particularly remarked upon the quality of the teams’ presentation and the way they answered questions.
Carl Kilgren, Head of Economics at the Endowed Schools, said “The team acquitted themselves very well and should be proud of their performance; they were unlucky not to reach the national final for a second year running. Special mention must go to Matthew Pennill, who was an outstanding captain; his eloquent delivery, knowledge of economics and intricacies of monetary theory were excellent.”