The European Central Bank (ECB) decided at the board meeting on the 12th to resume the quantitative easing policy that ended last December. From November, JGBs will be newly purchased on a scale of 20 billion euros (approximately 2,380 billion yen) every month, allowing money to flow into the market, making it easier for companies to borrow money. The Eurozone economy is becoming more and more slowed down due to the effects of US-China trade friction, and it aims to stimulate the economy.
At the same time, they decided to increase the interest rate that private banks in 19 countries in the Eurozone deposit on the ECB from the current minus 0.40% to minus 0.50%. The expansion of negative interest rates will be the first in three and a half years since March 2016. If the margin is widened, private banks will be able to get more commissions as they deposit money with the ECB. This is a motivation to lend money to companies more actively.
The ECB left the policy rate unchanged at 0% a year. (Frankfurt = Shinya Wake)