# Rand rallies after central bank cuts rates   - Moneyweb

> The South African Reserve Bank cut its main lending rate by 25 basis points to 6.5%, its first easing since March 2018. The rand firmed to 13.82 per dollar and bond yields fell, though the central bank signalled that further cuts were not guaranteed.

- Date: 2019-07-19 · published 2019-07-19T12:00:00.000Z
- Category: macro · region South Africa · magnitude medium
- Page: https://feedsoft.ai/events/58390-rand-rallies-after-central-bank-cuts-rates-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Lower domestic rates and a firmer rand would reduce the local cost of dollar-denominated feed imports, but the cautious guidance limits the impact.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-rallies-after-central-bank-cuts-rates/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.