JOHANNESBURG - The Rand is recovering after falling to its weakest level in two months. It fell further on Friday but is now back at Thursday's level. READ | Failing municipalities hurt SA economic growth - Reserve BankThe Reserve Bank says weaker economic growth and a slightly improved inflation outlook supported its decision to hold rates. However, Governor Lesetja Kganyago warned that the conflict in the Middle East remains a major risk. He said higher oil and fertiliser prices could fuel inflation and force the Bank to raise interest rates again - after the first hike in three years in May.