{
  "id": 10012637,
  "title": "CBK warns of rising global inflation as oil prices climb above Ksh12,600 a barrel",
  "url": "https://urgent.news/2026/09/26/cbk-warns-of-rising-global-inflation-as-oil-prices-climb-above-ksh12",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-26T15:54:40.000Z",
  "source": {
    "name": "People Daily Kenya",
    "slug": "people-daily-kenya",
    "url": "https://peopledaily.digital/business/cbk-warns-of-rising-global-inflation-as-oil-prices-climb-above-ksh12600-a-barrel"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "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 […]",
  "key_points": [
    "CBK warns of rising global inflation due to high oil prices",
    "Murban crude oil exceeds Ksh12,600 per barrel",
    "South Africa raises policy rate to 3.75% to combat inflation"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}