2026 Challenge Supported By
Teams of sizes 2-5 will prepare a written report due 30 APR 2026 that answers the following question:
If you were members of the Monetary Policy Committee, what would you set the OCR to at the Monetary Policy Board Meeting?
The top teams will proceed to the finals round held on 28 MAY 2026 at Citi Australia HQ.
2025 Challenge
In Partnership with Citi
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Question:
If you were members of the Monetary Policy Committee, what would you set the OCR to at the Monetary Policy Board Meeting in May?
Results:
A total of 60 students and 17 teams from various high schools across Australia participated in the 2025 NSW Monetary Policy Challenge (now the AUS Monetary Policy Challenge)
Congratulations to Baulkham Hills High School for winning!
Finalists: Baulkham Hills High School, North Sydney Boys High School, Kambala School, Sydney Grammar School and Giraween High School
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The Prize
Baulkham Hills High School attended a 2-hour careers-focused session on 24 June at Citi.
This session included:
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A session with Citi’s Internship Coordinator on how to improve your chances of
succeeding in intern applications. -
A tour of our Markets floor by a Managing Director in our Markets Business.
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A small-group session with 4 x Citi colleagues across businesses (Research,
Banking, Services) on how they got started in their careers.
Competition Format
Finals Round
Presentation
Teams present live to a group of judges their Monetary Policy Decision and its justification. They will then be subjected to a short Q&A session with these judges.
Above: Judges present at the 2025 NSW Monetary Policy Challenge (now the AUS Monetary Policy Challenge)
From left to right: Josh Williamson (Chief Economist at Citi), Faraz Syed (Senior Economist at Citi), James Bond (Head of Government Affairs at Citi), Melissa Liu (Assistant Vice President at Citi) and Associate Professor Christopher Gibbs (University of Sydney).