Colombia central bank raises 2026 inflation forecast to 7.1%, missing 3% target for 7th year

Colombia's central bank (Banco de la República) revised its year-end inflation forecast upward to 7.1%, confirming the 3% target will be missed for a seventh consecutive year. Analysts now expect a rate hike, signaling a hawkish pivot. The revision underscores persistent inflation pressures and a deteriorating credibility outlook for the central bank.

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