07:55 PM EDT, 06/17/2026 (MT Newswires) -- Brazil's central bank lowered its benchmark Selic rate by 25 basis points to 14.25% for a third consecutive meeting, pressing ahead with monetary easing despite a worsening inflation outlook, multiple outlets reported on Wednesday.

The decision, led by Governor Gabriel Galipolo, was in line with the expectations of the majority of economists surveyed by Bloomberg.

Policymakers said the cut would help smooth economic fluctuations and foster full employment without compromising price stability, according to the report.

Current inflation stands above the central bank's tolerance range, with expectations running above the 3% target, Bloomberg noted.