Brazil raises interest rate to 9% to battle inflation

Brazil has raised its benchmark interest rate to 9% from 8.5% in a further attempt to rein in inflation. The central bank's monetary policy committee, the Copom, voted unanimously for a third straight half percentage point rate rise. via Pocket http://www.bbc.co.uk/news/business-23875086#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa