# Rand recovers as lending rates seen steady for longer - Moneyweb

> The rand recovered on 24 May after the Reserve Bank held the repo rate at 6.75% in a 3-2 committee vote. Benchmark 2026 bond yields fell 4 basis points to 8.34%.

- Date: 2019-05-24 · published 2019-05-24T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/59382-rand-recovers-as-lending-rates-seen-steady-for-longer-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Steady rates with firmer bonds support the rand, which lowers the local cost of imported feed. Split policy votes hint at a possible future rate change.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-recovers-as-lending-rates-seen-steady-for-longer/

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