[Institution: Euro appreciation still insufficient to prompt ECB to cut rates again] Jin10 Data, February 3 – Evercore ISI analysts stated in a report that the recent appreciation of the euro is still insufficient to prompt the European Central Bank (ECB) to seriously reconsider cutting interest rates. 'This would require a more significant deviation from inflation expectations driven by weakening demand,' the analysts noted. They suggested that the euro may need to rise to 1.25 against the dollar to exert enough pressure for the ECB to cut rates. The analysts believe that the ECB is highly likely to keep interest rates unchanged this year, though the risks lean more toward rate cuts rather than hikes. In the event of excessive euro strength, the ECB may cut rates once more; if accompanied by broader downward pressure on inflation, it could cut rates twice.