Brazil raises interest rate to 10% as it battles inflation

Brazil's central bank has raised its benchmark interest rate to 10% from 9.5%, the sixth time in a row that it has put up borrowing costs. The latest rise has taken the key rate to the highest level since March 2012. via Pocket http://www.bbc.co.uk/news/business-25132979#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa