Young bankers rated high
The group were required to appoint a Governor, Adam Jefferis, and a committee of four – Sophie Chisholm, Elliot Leighton-Slater, Ben Tustin and Ryan Young.
Acting as a monetary policy committee, the students had to recommend, with sound economic arguments, the Reserve Bank’s official cash rate decision.
They presented a five-minute video covering their understanding of current and future potential impacts of inflation, employment, economic growth, international trade and relations on the New Zealand economy. This determined whether or not their interest rates should be changed to influence future inflation and maximum sustainable employment. Many stimulating discussions were held to complete the challenge.
The group gained Distinction certificates and badges for their entry into this national competition.