Jury out on low euro exchange rate path despite ECB measures

The cost of borrowing from banks in Ireland could fall further as ECB rates stay low into the next decade, but the jury remains out on whether the period of a low euro exchange rate can last.

Irish analysts said the ECB’s measures announced by president Mario Draghi on Thursday to boost the eurozone will likely result in borrowing costs staying low for even longer.

The outlook for the euro however, is much more clouded.