Loreto College - Coleraine, Co. Derry, Northern Ireland
Loreto Crest
 

News & Events Archive

The Economics team who took third place in the Area Final of the Bank of England Interest Rate Target 2.0 Competition - View Full Size Image
The Economics team who took third place in the Area Final of the Bank of England Interest Rate Target 2.0 Competition
27/02/2013 LORETO ECONOMISTS WIN AREA COMPETITION PRIZE

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.

For the ninth time in eleven successive years, Loreto College, represented by Year 13 students Niamh Dowdall, Alice McGee, Ruairi McPoland and Nicole O’Hagan, qualified for the Area Finals of the Bank of England Target 2.0 Interest Rate Challenge, having taken first place in Northern Ireland in the local heat.  The team travelled to Manchester on Wednesday 27th February to contest the Northern Ireland, Scotland and North of England final of the hotly-contested competition. With the field narrowed down to 42 schools 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 third in the Area Final, winning a prize of £350 for the school. Loreto College Principal, Mr Michael James, congratulated the team and Vice Principal and Economics teacher Miss Belinda Toner, who guided the students through the competition, on their talent, dedication and success.