CBK warns of rising global inflation as oil prices climb above Ksh12,600 a barrel
The Central Bank of Kenya (CBK) has reported continued global inflation concerns as energy prices remained elevated, with Murban crude oil rising above Ksh12,600 per barrel during the week ending Thursday, September 24, 2026. In its weekly bulletin shared on X on Saturday, September 26, 2026, CBK said inflationary pressures remained a concern in major […]
The Central Bank of Kenya (CBK) has raised concerns about growing global inflation, driven by soaring energy prices, particularly Murban crude oil, which surpassed Ksh12,600 per barrel during the week ending September 24, 2026. The bank warned of inflationary pressures persisting in major economies, with South Africa's headline inflation reaching 4.4% in August 2026, up from 4.3% in July 2026.
To tackle this, South Africa's central bank raised its policy rate by 25 basis points to 3.75% at its September 23 meeting. The CBK attributes the Murban crude oil price hike to supply concerns stemming from the Middle East conflict. Earlier in September, the bank reported a similar surge in global oil prices, driven by the same geopolitical tensions. The Ksh conversions are based on the CBK's rate of Ksh129.48 per US dollar for September 24, 2026.
Written by urgent.news from People Daily Kenya's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
