BoE TURNS TO TEENAGERS OVER INFLATION

Far be it for me to make fun of an initiative designed
to promote financial awareness among teenagers but, in light of government figures out today and the missed inflation target once again, should we be worried that the MPC may have run out of ideas?

This week marks the launch of the twelfth Interest Rate Challenge, the competition designed to give 16 to 18 year old students across the UK the opportunity to take on the role of the Bank’s Monetary Policy Committee (MPC) and set monetary policy for the UK to meet the inflation target of 2.0%. 

Bank of England press release 

Yeah, I know it's the 12th such competition but I couldn't resist!

photo: FreeFoto.com