Loreto College - Coleraine, Co. Derry, Northern Ireland
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News & Events Archive

16/02/2004 LORETO ECONOMISTS SECOND IN AREA FINAL

Once again a team of young Economists from Loreto College Coleraine has represented their school and Northern Ireland with distinction in the Area Final of the Bank of England Interest Rate 2.0 competition. Target Two Point Zero invites teams of 16-18 year old students to take on the role of the Bank of England's Monetary Policy Committee. Each team assesses the state of the economy and the outlook for inflation, and then sets the interest rate to meet the Government's inflation target. It will present its analysis and its decision to a panel of Bank of England judges.

Team-members Michelle Cassley, Sarah Lemon, John McClarey and Anne Marie McNicholl, all Year 14 students at the Castlerock Road school, travelled to Manchester on Thursday 12th February to contest the Northern Ireland, Scotland and North of England final of the hotly-contested competition. With the field narrowed down to 42schools from all around the UK from an initial entry of 236 schools, the Loreto team, already Northern Ireland regional winners, performed with distinction at the event, earning high praise from the adjudicators.

The team was placed second in the area, winning a prize of 650 for the school. Loreto College Principal, Mr Brian Lenehan, congratulated the team and Economics teacher Miss Belinda Toner, who guided the students through the competition, on their talent, dedication and success.

Contact:
Mrs C Little
Loreto College
Castlerock Road
COLERAINE
BT51 3JZ
028 70343611
loretopr@hotmail.com