Success at National Finals in Wellington
The Macleans College Monetary Policy team has placed 2nd nationally at the annual Reserve Bank of New Zealand’s Monetary Policy Challenge.
The Reserve Bank has awarded the school with a cheque of $1500, with each member of the team receiving prizes worth $100 each. This is the highest result achieved so far in Macleans College history.
The team comprised of Bryner Lum (Mansfield House), Ansel Wong (Batten), Sue Liu (Mansfield), Yang Fan Yun (Snell), and Winnie Zhang - Governor (Hillary). The annual monetary policy competition attracted entries from 53 top performing secondary schools from across New Zealand, with six schools selected for the national final after tough competition.
At the finals, the team was required to give a 30 minute presentation to Reserve Bank representatives about their decision to maintain the Official Cash Rate (OCR) of New Zealand unchanged at 1.75%, and this included a question and answer session. Previously, the Reserve Bank was very impressed with the Macleans College team’s presentation, which “demonstrated a comprehensive understanding of complex factors that impact monetary policy decisions”.
The competition was vigorous this year with challenging questions, argued by the teams and their mentors. The team is thankful for the guidance provided by Mrs Ladkoo.