Brazil's central bank raises rates again

Brasília (AFP) - Brazil's central bank on Wednesday raised its key interest rate to 13.25 percent, as Latin America's largest economy fights to keep a lid on inflation despite a slowing economy. The increase, the fifth consecutive one, was largely anticipated by analysts polled by the central bank. "In assessing the macroeconomic scenario and the outlook for inflation, the Copom (the bank's monetary policy committee) decided unanimously to raise the rate by 0.5 percentage po