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ANALYSIS: Will banks follow ANZ's lead and adjust their rates higher?

The S&P/NZX 50 closed at 12,701.75, down 197.97 points or 1.53%.

New RBNZ Governor Anna Breman has pushed back on market bets of rapid rate hikes.

Changes to make banks more competitive, but also more risky.

KMD Brands shares jumped 6.5% despite the group posting a $93.4 million annual loss.

Westpac is the first of the banks to move.

Documents reveal Treasury wanted the governor removed from the board.

OPINION: A proposal to toll the harbour bridge is like a prison wall, one reader argues.

The Reserve Bank is expected to cut the Official Cash Rate on Wednesday.

The former PM argues more ATMs clash with the push to tax untaxed cash in the economy.