Reserve Bank – MPC School Challenge is now available for all those that are keen to try out. Please view all the details below.
From the Employer:
The South African Reserve Bank works within a flexible inflation targeting framework. Currently South Africa has a target inflation rate of between 3% and 6%, but which is set by the South African government.
The repurchase (repo) rate is a key mechanism that the Bank uses to manage inflation. The Bank’s Monetary Policy Committee (MPC) meets six times a year to determine the rate. During their meetings, they analyse a considerable amount of economic information and then decide whether the repo rate should go up, go down or stay constan
The MPC Challenge is a school project being run by the Reserve Bank in Gauteng and the Western Cape. It offers an exciting opportunity for Grade 12 Economics learners and their teachers, to become “members” of the Monetary Policy Committee for a few weeks.
The Challenge requires invited schools to nominate a maximum of four Economics learners to form an MPC, analyse economic data and make a recommendation on what the country’s repo rate should be.
How to Apply:
Location: Western Cape, Gauteng
Closing Date: 28 January 2013