Target Two Point Zero, 2012
Congratulations to the Target 2.0 Team on their victory at the Bank of England last week, winning the twelfth national final of the Bank of England and The Times Interest Rate Challenge.
From a field of 284 teams, the St Paul’s team of Michel Cassard, Ben Goldstein, Jai Kapoor and Zac Levin (Year 13, Upper Eighth) was judged to be the strongest. Charlie Bean, Deputy Governor of the Bank of England, presented them with the Interest Rate Challenge trophy and a first prize of £10,000.
The judges, made up of the members of the Bank’s Monetary Policy Committee and Anatole Kaletsky, Editor-at-Large of The Times, praised the depth and sophistication of the economic analysis of the St Paul’s team. Tribute must be paid to the supporting work of the research team of Fabian Burnett Small and James Moberly (also Year 13, Upper Eighth) and several Year 12 (Lower Eighth) students.
St Paul’s last won in 2003 and is the first school ever to win the competition twice.
Read more about the team’s victory on the Bank of England site.