Brazil lifts rate after nearly two years to tame prices

* Central bank raises Selic rate to 7.50 bps from 7.25 pct. * Decision was split, two of eight members voted to hold rate. * Inflation hits economy, Rousseff’s re-election chances. Brazil raised interest rates for the first time in nearly two years on Wednesday, stepping up a battle agains…

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Brazil lifts rate after nearly two years to tame prices

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