ASX Market Update: RBA comments and Consumer Discretionary selloff pushes market down

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ASX Market Update: RBA comments and Consumer Discretionary selloff pushes market down

The ASX200 has been down 0.17% at 8,308 points. This was a fall back from its opening position on Friday morning, when it was a third of a percent higher just before the bell. The move into the red was prompted by a sell off in consumer discretionary stocks after RBA governor Michele Bullock admitted the central bank had been too slow to raise the cash rate after the start of inflation growth, and did not want to be late in cutting it. However, …