The South African Reserve Bank (SARB) quashed rumours circulating via a radio broadcast on Monday morning that today's Monetary Policy Committee (MPC) meeting is about to be postponed.

"The meeting starts today and the announcement will be made tomorrow via SABC at around 3pm," confirmed SARB spokesperson, Samantha Henkemann.

Apparently a radio broadcast this morning had led to expectations of a postponement and possibly a cancellation of the December meeting.

But Henkemann said that any announcement as regards December and the frequency of meetings for next year would be made tomorrow by new Governor, Gill Marcus.

The one change that can be expected, however, is that there will be no studio broadcast, but that all the public broadcasts will take place during the press conference on Tuesday.

Henkemann emphasized that the scheduled November meeting had been agreed to in the first quarter already and no late change would thus be made.

South Africa's repo rate is expected to remain unchanged at 7.0 percent when the decision is made on Tuesday, according to a snap poll of nine leading economists by I-Net Bridge.

However, three of the nine economists hold out hope that a cut of 50 basis points could be in the offing when Gill Marcus makes her first decision as central bank Governor.