Effective today, Thursday, 30 July 2009, the Bank of Jamaica will reduce rates offered on all tenors of its open market instruments by 150.0 basis points.
The revised interest rate structure is detailed below:
30-day tenor – previously 16.00 | now 14.50
60-day tenor – previously 16.50 | now 15.00
90-day tenor – previously 19.00 | now 17.50
120-day tenor – previously 19.20 | now 17.70
180-day tenor – previously 20.50 | now 19.00
A hostile family dispute, allegedly over a goat, at Green Bottom District in Clarendon, has reportedly left one family member dead, and another facing a possible murder charge. The incident reportedly took place on Tuesday (July 28) night.
Dead is 35 year old Newton Brown, who was chopped on the left side of his waist and on his hand with a machete. According to police reports, at approximately 9 p.m. on Tuesday night, Brown and a sister had a dispute over a goat. The argument became hostile and Brown’s brother accompanied by other family members joined in the fracas.
Allegations are that an angry family member who had joined the brawl, grabbed a machete, approached Brown aggressively and chopped him. He was rushed to the May Pen hospital where he died while undergoing treatment. The May Pen police are investigating the matter, and have arrested the accused family member – whose name has been withheld for now.
