Inflation in Brazil reached 6.5 percent in 2011, the upper limit of the official target

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Inflation in Brazil reached 6.5 percent in 2011, the upper limit of the official target

Vanderlei Almeida

This file photo shows an aerial view of Rio de Janeiro, taken in 2009. Brazil's central bank on Wednesday again cut its benchmark interest rate by 75 basis points to 9.75 percent -- the sixth rate cut in the past eight months in an effort to boost the sluggish economy.