Cycle of Colombia Rate Increases May Be About to End: Chart

Colombia’s tightening phase may be drawing to a close. Analysts see its central bank delivering a 25 basis points increase on Wednesday, the final hike in a cycle that has spanned policy makers’ last nine meetings, before cutting in January. The chart highlights economists’ tendency to under-estimate inflation surges seen since the third quarter of 2015 and a central bank which is likely to keep rates higher for longer.