1️⃣ UK announced plans to reopen the economy
UK Prime Minister Boris Johnson will reveal his plan to get rid of the blockade measures, reopening the UK economy.
- He is expected to speak on that issue at the Parliament of this country at about 15:30 GMT, before going to Downing Street for an official press conference in the evening.
- According to leaks from British media revealed that he would loosen the rules for meeting friends and family to compensate for the prolonged blockade affecting economic activities.
- The plan is supposed to consist of four separate relaxation periods, with a deadline of several weeks between each phase. According to The Guardian, the roadmap will be:
- Loosen rules on March 8 for meeting two people in outdoor cafes;
- Outdoor sports at schools and clubs will be allowed to resume when school is open;
- Outdoor meeting between 6 people or two families will be allowed from Easter;
- Sports activities such as tennis and soccer will be allowed from the end of March;
2️⃣ The EU aims to vaccinate 70% of its adult population by summer
- EU Economy Minister Paolo Gentiloni said the target to vaccinate 70% of the adult population in the summer is ambitious but achievable, he also commented on some of the economic stimulus measures that Withdrawing the measures to support the economy too soon will be more dangerous than the delay.
- However, it should be noted that this word "too early" is quite vague because the disbursement of the EU Recovery Fund will only take place and in the middle of this year - more than a year after the pandemic occurs.
3️⃣ Notable facts and economic data today
- tonight, Fed Chairman Powell attended the Senate Banking Committee hearing and delivered testimony on the semi-annual monetary policy report. Investors should pay attention to the content of Powell's testimony.
23rd Feb
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