Bloomberg Colombia is forecast to extend its biggest-ever series of interest rate rises to curb inflation that is defying a regional downward trend. The central bank will lift its policy rate one percentage point to 13%, its highest level since 1999, according to 16 of 28 economists surveyed by Bloomberg. The rest expect a smaller move, of half or …

  Bloomberg Mastercard Inc. dropped after warning revenue growth would slow even faster than expected this quarter, stoking fears that inflation has put a damper on consumer spending. The payments giant said spending on its cards increased 11% to $1.73 trillion in the fourth quarter, missing the $1.77 trillion average of analyst estimates compiled by Bloomberg. The company also warned …

  Bloomberg South Africa’s central bank slowed the pace of interest-rate hikes as it slashed its economic-growth forecast for this year and warned of continuing risks to the inflation outlook. The monetary policy committee increased the benchmark interest rate to 7.25% from 7%, Governor Lesetja Kganyago said at a briefing in Pretoria. Only six of 21 economists surveyed by Bloomberg …