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By Lisa Flueckiger, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL - Brazil's benchmark interest rate, the Selic, has been increased for the seventh time in a row by the Central Bank's Monetary Policy Committee, COPOM. This time, another 0.5 percent were added to the rate, which now reaches 14.25 percent, a level last seen in October 2006.

The Selic interest rate is the Central Bank's main interest to curb inflation, which according to

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