{"id":99479,"date":"2026-04-11T16:20:19","date_gmt":"2026-04-11T16:20:19","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/term-deposit-savings-drop-nearly-1-5-in-february"},"modified":"2026-04-11T16:50:56","modified_gmt":"2026-04-11T16:50:56","slug":"term-deposit-savings-drop-nearly-1-5-in-february","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/term-deposit-savings-drop-nearly-1-5-in-february","title":{"rendered":"Term deposit savings drop nearly 1.5% in February"},"content":{"rendered":"<p><span class=\"ap-article-header-tag\"> <strong>Africa-Press &#8211; Mozambique. <\/strong> <\/span>Mozambican savings through term deposits fell by nearly 1.5% in February, to 300,711 million meticais (4,017 million euros), after reaching record levels in January, according to official data released by the Bank of Mozambique.<\/p>\n<p>According to statistical data from the Mozambican central bank, these term deposits in the Mozambican banking system had reached a total of 264,709 million meticais (3,536 million euros) in June 2024, growing steadily month by month until the record level of 305,871 million meticais (4,085 million euros) recorded in July last year.<\/p>\n<p>In January, these deposits approached previous highs, reaching 304,675 million meticais (4,070 million euros), the report further indicates.<\/p>\n<p>Demand deposits, meanwhile, continue to grow, rising by 0.5% in a month to 484,435 million meticais (6,349 million euros) in February, according to the same data.<\/p>\n<p>Fifteen commercial banks and 12 microbanks operate in Mozambique, alongside credit unions and savings and credit organisations, among others.<\/p>\n<p>Meanwhile, the reference interest rate in Mozambique, which also influences savings, fell by 10 basis points in April to 15.50%, the third cut this year, the Mozambican Banking Association (AMB) previously announced.<\/p>\n<p>Since January 2024, the rate, known as the \u2018prime rate\u2019, has been gradually declining after six consecutive months at a peak of 24.1%. This year, in January, the AMB also cut the rate by 10 basis points to 15.70%, and in February it kept it unchanged despite the cut in the policy rate decided by the central bank.<\/p>\n<p>This was followed by similar cuts of 10 basis points in March and again in April.<\/p>\n<p>Movements in the \u2018prime rate\u2019 are linked to the monetary policy interest rate (MIMO rate, which influences the calculation formula of the \u2018prime rate\u2019) set by the central bank to control inflation.<\/p>\n<p>The Bank of Mozambique kept the MIMO monetary policy rate at 9.25%, after 12 consecutive cuts since January 2024, citing the \u201csubstantial worsening\u201d of risks and revising inflation prospects upwards.<\/p>\n<p>\u201cThis decision results from the materialisation and substantial worsening of certain risks and uncertainties associated with inflation projections, particularly the inclusion of the Middle East conflict and its impact on logistics chains, as well as on the supply and prices of energy and food products, which led to an upward revision of inflation prospects,\u201d the central bank governor, Roge\u0301rio Zandamela, announced on 23 March.<\/p>\n<p>The position was taken at the end of the Monetary Policy Committee (CPMO) meeting, held every two months, according to the Bank of Mozambique governor, who highlighted the consequences for Mozambique of the Middle East conflict, as well as floods in the country during the current rainy season.<\/p>\n<p class=\"ap-article-footer-note\">Find more news and analyses on <span class=\"ap-highlight-country\">Mozambique<\/span> on the <span class=\"ap-highlight-brand\">Africa Press<\/span> website<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Mozambique. Mozambican savings through term deposits fell by nearly 1.5% in February, to 300,711 million meticais (4,017 million euros), after reaching record levels in January, according to official data released by the Bank of Mozambique. According to statistical data from the Mozambican central bank, these term deposits in the Mozambican banking system had [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":99478,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[283],"class_list":["post-99479","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-mozambique"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Term deposit savings drop nearly 1.5% in February - Mozambique<\/title>\n<meta name=\"description\" content=\"-article-header-tag&quot;&gt; Africa-Press - Mozambique. Mozambican savings through t ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/term-deposit-savings-drop-nearly-1-5-in-february\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Term deposit savings drop nearly 1.5% in February\" \/>\n<meta property=\"og:description\" content=\"-article-header-tag&quot;&gt; Africa-Press - Mozambique. Mozambican savings through t ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/term-deposit-savings-drop-nearly-1-5-in-february\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-11T16:20:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-11T16:50:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2026\/04\/sm_1775925990.078045.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"478\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/term-deposit-savings-drop-nearly-1-5-in-february#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/term-deposit-savings-drop-nearly-1-5-in-february\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Term deposit savings drop nearly 1.5% in February\",\"datePublished\":\"2026-04-11T16:20:19+00:00\",\"dateModified\":\"2026-04-11T16:50:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/term-deposit-savings-drop-nearly-1-5-in-february\"},\"wordCount\":427,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/term-deposit-savings-drop-nearly-1-5-in-february#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2026\/04\/sm_1775925990.078045.jpg\",\"keywords\":[\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/term-deposit-savings-drop-nearly-1-5-in-february#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/term-deposit-savings-drop-nearly-1-5-in-february\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/term-deposit-savings-drop-nearly-1-5-in-february\",\"name\":\"Term deposit savings drop nearly 1.5% in February - Mozambique\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/term-deposit-savings-drop-nearly-1-5-in-february#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/term-deposit-savings-drop-nearly-1-5-in-february#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2026\/04\/sm_1775925990.078045.jpg\",\"datePublished\":\"2026-04-11T16:20:19+00:00\",\"dateModified\":\"2026-04-11T16:50:56+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"-article-header-tag\\\"> Africa-Press - Mozambique. Mozambican savings through t ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/term-deposit-savings-drop-nearly-1-5-in-february#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/term-deposit-savings-drop-nearly-1-5-in-february\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/term-deposit-savings-drop-nearly-1-5-in-february#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2026\/04\/sm_1775925990.078045.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2026\/04\/sm_1775925990.078045.jpg\",\"width\":720,\"height\":478,\"caption\":\"Term deposit savings drop nearly 1.5% in February\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/term-deposit-savings-drop-nearly-1-5-in-february#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/mozambique\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Term deposit savings drop nearly 1.5% in February\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#website\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/\",\"name\":\"Mozambique\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/mozambique\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Term deposit savings drop nearly 1.5% in February - Mozambique","description":"-article-header-tag\"> Africa-Press - Mozambique. Mozambican savings through t ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/mozambique\/all-news\/term-deposit-savings-drop-nearly-1-5-in-february","og_locale":"en_US","og_type":"article","og_title":"Term deposit savings drop nearly 1.5% in February","og_description":"-article-header-tag\"> Africa-Press - Mozambique. Mozambican savings through t ...","og_url":"https:\/\/www.africa-press.net\/mozambique\/all-news\/term-deposit-savings-drop-nearly-1-5-in-february","og_site_name":"Mozambique","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2026-04-11T16:20:19+00:00","article_modified_time":"2026-04-11T16:50:56+00:00","og_image":[{"width":720,"height":478,"url":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2026\/04\/sm_1775925990.078045.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/term-deposit-savings-drop-nearly-1-5-in-february#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/term-deposit-savings-drop-nearly-1-5-in-february"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Term deposit savings drop nearly 1.5% in February","datePublished":"2026-04-11T16:20:19+00:00","dateModified":"2026-04-11T16:50:56+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/term-deposit-savings-drop-nearly-1-5-in-february"},"wordCount":427,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/term-deposit-savings-drop-nearly-1-5-in-february#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2026\/04\/sm_1775925990.078045.jpg","keywords":["Mozambique"],"articleSection":["all news","economy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/mozambique\/all-news\/term-deposit-savings-drop-nearly-1-5-in-february#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/term-deposit-savings-drop-nearly-1-5-in-february","url":"https:\/\/www.africa-press.net\/mozambique\/all-news\/term-deposit-savings-drop-nearly-1-5-in-february","name":"Term deposit savings drop nearly 1.5% in February - Mozambique","isPartOf":{"@id":"https:\/\/www.africa-press.net\/mozambique\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/term-deposit-savings-drop-nearly-1-5-in-february#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/term-deposit-savings-drop-nearly-1-5-in-february#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2026\/04\/sm_1775925990.078045.jpg","datePublished":"2026-04-11T16:20:19+00:00","dateModified":"2026-04-11T16:50:56+00:00","author":{"@id":"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"-article-header-tag\"> Africa-Press - Mozambique. Mozambican savings through t ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/term-deposit-savings-drop-nearly-1-5-in-february#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/mozambique\/all-news\/term-deposit-savings-drop-nearly-1-5-in-february"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/term-deposit-savings-drop-nearly-1-5-in-february#primaryimage","url":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2026\/04\/sm_1775925990.078045.jpg","contentUrl":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2026\/04\/sm_1775925990.078045.jpg","width":720,"height":478,"caption":"Term deposit savings drop nearly 1.5% in February"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/term-deposit-savings-drop-nearly-1-5-in-february#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/mozambique\/"},{"@type":"ListItem","position":2,"name":"Term deposit savings drop nearly 1.5% in February"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/mozambique\/#website","url":"https:\/\/www.africa-press.net\/mozambique\/","name":"Mozambique","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/mozambique\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/posts\/99479","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/comments?post=99479"}],"version-history":[{"count":1,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/posts\/99479\/revisions"}],"predecessor-version":[{"id":99488,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/posts\/99479\/revisions\/99488"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/media\/99478"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/media?parent=99479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/categories?post=99479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/tags?post=99479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}