3rd LD Writethru: ECB cuts key interest rates by 25 basis points

FRANKFURT, Dec. 12 (Xinhua) -- The European Central Bank (ECB) decided on Thursday to cut its key interest rates by 25 basis points at its rate-setting meeting.

With this adjustment, the interest rates for the deposit facility, the main refinancing operation, and the marginal lending facility are now set at 3 percent, 3.15 percent and 3.4 percent respectively, the bank said in a statement.

The decision to