Central bank

E depois houve operações pra combater o crime organizado, porque cês vão lembrar também que o Comando Vermelho tinha se apropriado do comércio ilegal de ouro nessa região, né? Tinha vencido o conflito contra os próprios garimpeiros.

O que que eu descobri? Analisando os dados do Banco Central sobre a, o fluxo de Pix, ma-- as movimentações via Pix nos municípios onde estão a, essa área Sara-- essa Terra Indígena Sararé, abarca quatro municípios.

O que tem a maior conexão ali ééé Vila Bela da Santíssima Trindade, que era ummm, uma cidade histórica, inclusive.

Lá houve um crescimento, em todos esses municípios, houve um crescimento muito acima da média do Estado de Mato Grosso, do movimento do, do Pix nessas cidades, justamente porque tem uma economia toda voltada para o com-- a, a mineração ilegal.

I don't know how I got distracted by it, but there was two themes to yesterday's threads issues, and one was the Florida plane crash.

The other one was the Reserve Bank, and I opted out and deleted my comments on the Reserve Bank because I thought, you know what, I don't actually need that online right now.

I don't need that debate.

Well, comment

about what did you say? The Reserve Bank was telling the government to stop spending? No,

my comment was, you know what? Michelle Bullock, who's the governor of the Reserve Bank, has never had a job outside of the public service.

Never.

Just worked at the Reserve Bank my whole life.

But not only with the higher end on inflation, we tend to be lower than many of those countries on unemployment, particularly New Zealand, Canada and so on.

uh and the ecb in europe um and we're at the low end on productivity uh only new zealand is worse than us on those numbers there so that sort of explains why our central bankers had to be more aggressive and they explained it in terms of inflation being too high it being broad based it's not just about fuel prices and energy prices uh potentially rising inflation expectations And for those reasons, and capacity constraints in the economy, for those reasons, the Reserve Bank felt the need to move again.

So that's obviously a big factor.

I guess the reason the market was able to move on, and you can see in that chart that we're certainly at the high end of other countries, whereas in the previous cycle, 22, 23, we're in the middle of the pack.

It would lower inflation.

And it would mean that the Reserve Bank would not have to raise interest rates like they've done this week or perhaps start getting them down and providing some relief to Australian families.

We're willing to do that.

That's our plan.

I think overall there's fewer planes in rotation, but nearly 85% of seats are now filled.

Analysis have also cut the earnings forecast for Qantas and Virgin and expect more capacity cuts in 2027.

That comes after the Reserve Bank Governor warned that next year will feel like a recession year.

So is anyone cutting back on flights? Mind you, there'll be people listening to me that haven't been on a plane for years, potentially, because of the cost.

That would take inflationary pressure off our economy.

It would lower inflation and it would mean that the Reserve Bank would not have to raise interest rates like they've done this week or perhaps start getting them down and providing some relief to Australian families.

We're willing to do that.

That's our plan.

They also accused him of letting Social Security Institute pension funds concentrate at the bank.

The central bank seized Wino on Tuesday.

That came after the bank's solvency ratio fell below half the legal minimum.

The seizure locked about 3 million customers out of their accounts.

Authorities detained eight senior Ueno executives, including founder Miguel Vazquez.

Prosecutors charged 27 people with offenses including breach of trust and attempted fraud.

Central Bank chief Carlos Carvalho resigned on Wednesday at Pena's request.

Ueno held roughly $850 million in public deposits.

But first tonight, more confirmation we are getting poorer under Labor.

The Reserve Bank hiked interest rates to 4.85% this week, the highest it's been in 18 years and the fifth rate rise this year alone.

Average monthly mortgage repayments have doubled and, of course, the flow-on impact will affect renters.

RBA Governor Michelle Bullock warned many Aussies will feel like they're experiencing a recession, but the Treasurer, who is spending us into oblivion, once again ducked and weaved.

All have dealt with the war in Iran.

All are under the same pressures and yet still manage to hold rates steady.

The Reserve Bank warned that domestic pressures are what are driving rates.

But go on, Albo, please.

And the financial conditions are tightening, by the way.

The Bank of England joined yesterday the major central banks that decided to go ahead with an interest rate hike.

They hiked interest rates by 25 basis points, as expected, wildly.

But the decision was more hawkish than expected, as all MPC members voted for the rate hike yesterday.

The Greens continue their calls for a moratorium on new artificial intelligence data centres in Australia, blaming increased cost of living on over-investment in data centre expansion.

Speaking after the decision to raise interest rates earlier this week, Reserve Bank Governor Michelle Bullock said stronger-than-expected investment, including in data centres, had added to inflationary pressures.

Deloitte Access Economics says Australia's total investment pipeline has grown to a record $1.39 trillion, including $141 billion in data centre projects.

But Greens leader David Shoebridge says the push for more data centres is occurring with little community consultation and at a huge cost to Australians.