You are Governor of the Bank of England. It is August 2026:
inflation is 2.6%, unemployment 4.9%, and the Middle East is on fire.
You have five years.
1Set Bank Rate, hit both targets
One decision a quarter, 0–15%, for twenty quarters. Keep inflation 1–3% and
unemployment 3–5% — both at once — and a run of good quarters pays more each time.
2Everything arrives late
A rate change bites the following quarter. Hikes cool prices and cost jobs; cuts do
the reverse. The Committee advises every meeting — the decision is always yours.
3Shocks will find you
Energy crises hit without warning, and a bad one can put inflation into
double digits for years.
4Below 1%, the rate runs out of room
Asset purchases unlock instead: quick to start, slow to stop. The 2008 scenario
is where you will need them.
Sandbox terms are unranked: no medals, no career record, no
personal best. The neutral rate stays hidden, as it always is.
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Q3 2026
Quarter 1 of 20
×2+2
0pts
Inflation
2.6%→
Target 1–3%
Jobless
4.9%→
Goal 3–5%
Growth
Lasting damage 0.0pp
+1.5% a year
Not scored — but it drives the other two
🏦Your first meetingInflation is 2.6% and drifting. Set Bank Rate — the Committee advises, you decide.
MPCEight other members advise. The decision is yours.