{
  "id": 12911182,
  "title": "CBK raises economic growth forecast to 5% as inflation risks remain",
  "url": "https://urgent.news/2026/10/08/cbk-raises-economic-growth-forecast-to-5-as-inflation-risks-remain",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-08T15:48:33.000Z",
  "source": {
    "name": "KBC",
    "slug": "kbc",
    "url": "https://www.kbc.co.ke/cbk-raises-economic-growth-forecast-to-5-as-inflation-risks-remain/"
  },
  "original_language": "en",
  "account": "The Central Bank of Kenya (CBK) has increased its forecast for Kenya's economic growth to 5% for this year, up from the previously anticipated 4.9%. Governor Dr Kamau Thugge attributed this revision to the favorable outlook in the industry, services, and agriculture sectors. Agriculture is expected to grow by 3%, industry by 5.2%, and services by 5.6% in 2026. The bank maintains that growth will reach 5.3% next year. The recent rise in global oil prices and their influence on food inflation, despite government interventions, continue to pose challenges. Inflation, which jumped from 6.6% in August to 6.8% in September, is primarily due to a surge in milk prices, which saw inflation exceed 8% in September. The CBK anticipates the inflation rate to peak at 7.2% by December before settling in a range of 5% by May next year.",
  "summary": "The Central Bank of Kenya (CBK) has revised upwards its economic growth projection for this year to 5% from its earlier projection of 4.9% as volatility in the global oil prices remain. CBK Governor Dr Kamau Thugge said the 2026 growth forecast will be supported by expansion in the agriculture, services and industry sectors. “The […] The post CBK raises economic growth forecast to 5% as inflation…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "KBC",
        "title": "CBK raises econoic growth forecast to 5% as inflation risks remain",
        "url": "https://urgent.news/2026/10/08/cbk-raises-econoic-growth-forecast-to-5-as-inflation-risks-remain",
        "published": "2026-10-08T15:48:33.000Z"
      }
    ]
  },
  "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."
}