1st LD Writethru: ECB cuts rates by 25 basis points as inflation fades

BRDO PRI KRANJU, Slovenia, Oct. 17 (Xinhua) -- The European Central Bank (ECB) decided on Thursday to lower three key interest rates by 25 basis points, its third rates cut this year, saying that disinflationary process is "well on track."

The interest rates on the deposit facility, the main refinancing operations and the marginal lending facility will be decreased to 3.25 percent, 3.4 percent and 3.65 percent r