The base interest rate in the euro area remained at zero level. If this continues, the Russian economy will have a powerful positive effect. Because in this case in the Old World the demand for Russian raw materials will increase. The market expected the retention rate of the European Central Bank (ECB) at 0% (at this rate commercial banks are lent to the ECB), and therefore did not respond to this decision. However, in the future such a decision can have noticeable consequences. Analysts expect that soon the US Federal Reserve will raise its base rate. Further much will depend on whether the decision of the ECB will follow. The usual practice is that Europe in six to eight months follows the decisions of the Fed, that is, raises or lowers its rate.

But if this time the ECB does not take an example from the Americans or tightens the solution of this issue, the euro will fall to the dollar. This is very good for European exports (and in the euro area there are a lot of export-oriented economies, for example, Germany). For the Russian economy this will also be a very good sign:.

the growth of European exports increases the demand for domestic raw materials, said the associate professor of RASHiGS, the adviser on macroeconomics of the general director of the DB "Otkrytie" Sergei Hestanov. "For us, the scenario in which the US raises the rate slightly higher than the ECB is weakly positive. He will not have a strong influence on the situation, but to some extent he will still have a positive effect. Until now, the European Central Bank has always shown a certain conservatism - it changed its mind, even in the direction of increase, even downwards - more slowly than the Federal Reserve System, "the expert said.. In his opinion, some surprises in this regard are unlikely: the Fed has been behaving quite modestly recently, and the ECB, as a rule, shows even greater conservatism. Therefore, at least from this side, the impact on the Russian economy and the value of the Russian currency will be predictable. Zero rate on loans indicates that in Europe things are not very well now. The authorities are afraid of a recession and therefore encourage companies to get cheap loans and develop production. "In the European economy, things are not as good as in the fairy-tale kingdom.

You know, sanctions against Russia and our counter-forces have a more serious impact on the European economy than on the US economy. Therefore, it is better for us to be friends with Europeans, "said Evgeniy Volkov, head of the department of brokerage operations of RosEvroBank, on the air of Tsargrad TV.. If Europe goes along the path of lifting sanctions (as large German companies and small businesses from different EU countries ask), this will lead to a revival of trade and will positively affect the state of both the European and Russian economy.