ECB CUTS DEPOSIT FACILITY RATE BY 25BPS TO 3.5%; EST. 3.50% ECB DETERMINED TO RETURN INFLATION TO 2% IN TIMELY MANNER ECB SEES 2025 INFLATION AT 2.2%; PRIOR FORECAST 2.2% ECB SEES 2024 INFLATION AT 2.5%; PRIOR FORECAST 2.5% ECB CUTS GROWTH FORECASTS FOR EVERY YEAR THROUGH 2026