22 August 2008
The Reserve Bank announced today that Scots College from Wellington is the national winner of the Reserve Bank of New Zealand 2008 Monetary Policy Challenge (MPC). Columba College from Dunedin placed second in the national final, and Westlake Boys' High School from Auckland came third.
The national final took place at the Reserve Bank in Wellington on 21 August and was hotly contested. Three economists from the Reserve Bank were judges.
Scots College won $2,500 in prize money for their school and will visit the Reserve Bank on 11 September to watch the announcement of the next Monetary Policy Statement by Governor Alan Bollard.
Columba College won $1,500 and Westlake Boys' High School won $750 in prize money for their respective schools. The other competitors in the national final were Christchurch Girls' High School, Diocesan School for Girls (Auckland) and Hillcrest High School (Hamilton).
The judges were particularly impressed with the depth of economic understanding shown by Scots College. "Scots College worked exceptionally well together to answer some very tough questions" they …