Illiquid bond funds try it on at the RBA

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Via the AFR:

London-based James Aitken of Aitken Advisors says few central banks “had put in as much effort into understanding the plumbing of their own, not to mention the global financial system, as the RBA”.

…”Under enormous pressure, their communications and guidance have been consistent and concise. Australians should be proud of the ongoing effort of RBA senior management and all their staff,” says Aitken.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.