📰 🔸 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