Egypt’s M2 money supply growth slows to 13.3% in Dec

Egypt’s M2 money supply grew by 13.3% y-o-y in December, slowing slightly from 14% the previous month, CBE data shows. The country’s money supply stood at EGP 3.63 tn at the end of the December 2018, up from EGP 3.2 tn a year earlier. The figures show that the downward trend experienced over the past few months continued into the final month of 2018. Money supply growth slowed to 15.4% in October and 14.04% in November. M2 is one of several ways of measuring the quantity of money in the economy, and uses liquid assets such as cash, savings deposits and money market securities as a basis for its calculations.