Monetary Policy Challenge Winner announced

Reserve Bank of New Zealand

News Release

16 September 2003

Monetary Policy Challenge Winner announced

Tawa College from Wellington has won the Reserve Bank's 2003 Monetary Policy Challenge school competition.

The competition involved students becoming mock central bankers and preparing written advice on what they think the Official Cash Rate should be. The competitors then presented this information to a panel of Reserve Bank judges.

The National Final was held today at the Reserve Bank, with Tawa College emerging as winner ahead of Burnside High School and Manurewa High School who placed second and third, respectively. The other competitors were Logan Park High School and New Plymouth Boys' High School.

Over 30 schools from around the country entered the competition. The five schools competing in the National Final today had already won their respective regional competitions.

Alan Bollard, Governor and member of the judging panel, commented "The Monetary Policy Challenge offered students a great opportunity to expand their understanding of monetary policy. All of the teams that competed today displayed an excellent knowledge of how monetary policy works. Of course, whether I will take their advice remains to be seen."

ENDS

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