The new Reserve Bank Governor, Gill Marcus, starting chairing her first Monetary Policy Committee (MPC) meeting today and the meeting is anticipated to run over two days.

Marcus has taken over from Tito Mboweni and it has been predicted that she will follow a similarly prudent and conservative approach to monetary policy governance. There are other reports however that she will be pressured into reducing the strength of the Rand.

In terms of the repo rate, some predict a 50 basis point cut but most experts suggest that the repo rate will remain as it is at 7%.