Egypt’s M2 money supply growth slows to 11.95% y-o-y in Jan

Egypt’s M2 money supply growth slowed by 11.95% y-o-y in January, CBE data showed. The figure stood at EGP 3.64 tn at the end of the month, up from EGP 3.25 tn a year earlier. The slowdown trend experienced in the second half of last year is making its way into 2019. Growth slowed to 14.04% last November and 13.3% last December. 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.